Sensex Rises Over 350 Points, Nifty Ends Above 18,250 Led By Kotak Bank
NDTV
Reliance Industries, Kotak Mahindra Bank, Bajaj Finance, ITC, Tata Steel and Asian Paints were among the top movers in the Sensex.
The Indian equity benchmarks gained for second straight session on Tuesday led by gains in Reliance Industries, Kotak Mahindra Bank, Bajaj Finance, ITC, Tata Steel and Asian Paints. After staging a gap up opening, the benchmarks, traded in a range bound manner in the first half of the session. However, steady buying interest in auto and metal shares lifted the benchmarks to close at intraday highs in the latter part. The Sensex rose as much as 531 points to hit an intraday high of 61,497.71 and Nifty 50 index touched an intraday high of 18,310.
The Sensex advanced 383 points to close at 61,350 and Nifty 50 index advanced 142 points to settle at 18,268.
Buying was visible across the board as all the 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Realty index's over 3 per cent gain. Metal, Auto, Oil & Gas, Consumer Durables, Energy, Consumer Discretionary Goods & Services, FMCG, Industrials and CONSUMER DURABLES indices also rose between 1-2.9 per cent.
Mid- and small-cap shares outperformed their larger peers as S&P BSE MidCap index advanced 1.75 per cent and S&P BSE SmallCap index rose 2.2 per cent.
