The domestic equity benchmark indices extended their gains in the early trade on Tuesday amid stock buying in private sector banks and Tata Group's retail arm Trent that posted strong Q2 results. The foreign investor outflows and the elevated crude oil prices amid the geopolitical tensions weighed on the indices.

Initial market movement

The 30-share BSE Sensex jumped 265.06 points or 0.37 per cent at 72,647.53 in the initial trade.  The 50-share NSE Nifty climbed 77.15 points or 0.34 per cent at 22,632.90 in the early deals.