Indian shares rose nearly 1.5% on Tuesday, tracking gains in broader Asia on hopes of progress in US-China trade talks, with Tata Motors and metals stocks leading the rally. The broader NSE index jumped 1.37% to 11,786.85, while the benchmark BSE index closed 1.48% higher at 39,831.84. Tata Motors Ltd surged nearly 19% after the company posted a narrower loss on Friday. Earlier on Tuesday, the automaker sought shareholders' nod to issue shares worth 30.24 billion rupees ($426.76 million) to Tata Sons.

Metals stocks rose sharply, with the Nifty Metal index adding as much as 4.4%. Both Tata Steel Ltd and JSW Steel Ltd gained nearly 7%. Telecom operators Bharti Airtel Ltd and Vodafone Idea Ltd were among the losers, settling 3.5% and 8.3% lower, respectively. In domestic markets, the Nifty Auto index rose over 3% with Jaguar Land Rover owner Tata Motors jumping over 16% to its highest in over three months, after reporting a narrower quarterly loss on Friday.