Sensex, Nifty rally for 2nd day on weak crude, talks between Russia, Ukraine
The Hindu
Mumbai
Benchmark stock indices Sensex and Nifty rallied for a second straight session on Tuesday after gains in index majors HDFC twins, Bharti Airtel and Infosys as global shares advanced ahead of peace talks between Ukraine and Russia.
The 30-share BSE Sensex jumped 350.16 points or 0.61% to settle at 57,943.65 with 20 of its constituents closing higher. During the day, the index rallied 408.04 points or 0.70% to 58,001.53.
The broader NSE Nifty gained 103.30 points or 0.60% to settle at 17,325.30 as its 32 components closed in green.
"Reports of peace talks between Russia and Ukraine along with weakening crude prices helped the global markets trade firm," said Vinod Nair, Head of Research at Geojit Financial Services.
Among Sensex stocks, HDFC was the biggest gainer on value-buying after recent losses. The housing finance major spurted 3.06%.
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