The Nifty 50 index closed 0.08% higher at 16,985.60, while the S&P BSE Sensex rose 0.14% to 57,634.84. Both benchmarks fell 0.7% during the session, before reversing losses.
Sitharaman, who is only the second woman defence minister in India's history, is expected to work closely with the Finance Minister to take key industry-related decisions