The benchmark Nikkei stock average ended higher for the sixth consecutive session on Tuesday thanks to a Wall Street advance overnight, briefly rising back above the key 30,000 line in the morning.

The 225-issue Nikkei average climbed 154.12 points, or 0.52%, to finish at 29,921.09, after rising 49.14 points Monday.

The Topix index of all first section issues closed 12.77 points, or 0.65%, higher at 1,981.50, following a 17.67-point gain the previous day. The index also extended its winning streak to a sixth market day.

The Tokyo market opened higher, with investors cheering advances in all three major U.S. stock gauges, including the tech-heavy Nasdaq composite index, on Monday on the back of heightened hopes for the U.S. economic recovery and the key 10-year U.S. Treasury bond yield’s fall after its recent upswing.

After climbing above 30,000 for the first time since Feb. 25 later in the morning, the Nikkei failed to extend its gains as profit-taking took the upper hand.

In the afternoon, both the Nikkei and the Topix moved in a narrow range above Monday’s closings amid a wait-and-see mood before the start of the U.S. Federal Reserve’s two-day policy-setting meeting later on Tuesday.

“All eyes are on the Fed’s dot plot chart,” in which members of the U.S. central bank indicate their interest rate forecasts, and “remarks by Fed Chairman Jerome Powell” at a news conference to be held after the Federal Open Market Committee meeting, Kazuo Kamitani, strategist at Nomura Securities Co., said.

“Throughout the day, the market was supported by the popularity of semiconductor-related issues reflecting buybacks of U.S. high-tech issues on Monday spurred by lower U.S. long-term interest rates,” a strategist at an asset management firm said.

On the TSE first section, gainers far outnumbered decliners 1,529 to 592, while 74 issues were unchanged. Volume decreased to 1.419 billion shares from Monday’s 1.541 billion shares.

Chipmaking equipment manufacturer Advantest surged 3.37%, and technology investor SoftBank Group 2.41%.

Shimamura rose 2.14% after the clothing retailer announced Monday an upward revision to its sales and profit estimates for the business year that ended on Feb. 20.

Among other major winners were electronics parts maker TDK and medical information service provider M3.

On the other hand, supermarket operator Kobe Bussan fell for the first time in four trading days as its earnings report for November-January, released Monday, failed to impress investors.

Drugmaker Shionogi and optical equipment-maker Olympus also went down.

In index futures trading on the Osaka Exchange, the key June contract on the Nikkei average gained 190 points to 29,720.

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