The BEI index rose 0.10 percent to 4,320.08 points with index of 45 most liquid stocks up 0.13 percent to 738.51 points.
"The Asian markets including BEI gained this morning on optimism that compromise would be reached to cope with US fiscal cliff and expectation that Central Bank of Japan would launch a new economic stimulus after the victory of the LDP in the Japanese election," Samuel Sekuritas` analyst Yualdo Yudoprawiro said.
Optimism prevailed that compromise would be reached on the solution to the US fiscal cliff after Congress`s spokesman John Boechner issued a statement indicating acceptance for a hike in income tax on people with income of more than US$1 million a year, Yualdo said here on Tuesday.
"The optimism was strong enough to offset negative sentiment with declining New York manufacturing index," he added.
E-trading analyst Andrew Argado said the BEI index rise was a technical rebound .
The BEI index is forecast to hover around 4,246-4,340 points today , he said.
Regional markets Hang Seng recorded a 0.09 percent rise in index to 22,534.01 points with Nikkei-225 index up 0.99 percent to 9,925.80 points and Straits Times gaining 0.36 percent to 3,170.17 points. (*)
Editor: Heru Purwanto
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