Benchmark stock indices Sensex and Nifty extended their gains for a second straight session on Tuesday, rising nearly 1 per cent, supported by strong buying in metal and auto stocks along with positive global cues.
The 30-share BSE Sensex advanced 567.99 points or 0.75 per cent to close at 76,070.84. During intraday trade, it climbed as much as 801.41 points, or 1.06 per cent, to touch 76,304.26.
On the other hand, the 50-share NSE Nifty rose 172.35 points or 0.74 per cent to settle at 23,581.15. Among the Sensex constituents, Eternal emerged as the top gainer, surging 5.70 per cent. Other notable gainers included Tata Steel, Mahindra & Mahindra, Bharat Electronics, Larsen & Toubro, Bharti Airtel and Maruti Suzuki. Major laggards included Infosys, Bajaj Finance, ITC Limited, Tata Consultancy Services and HCL Technologies.
Also read: Sensex gains 470 pts, Nifty up by 60 pts in early trade
In Asia, South Korea’s Kospi jumped 1.63 per cent, while Hong Kong’s Hang Seng Index ended marginally higher. Japan’s Nikkei 225 and China’s SSE Composite Index closed lower.
European markets were trading in positive territory, while Wall Street had ended higher in the previous session. “Indian equities extended their recovery for a second consecutive session, supported by easing volatility and selective sectoral strength, although underlying caution continues to shape market behaviour. A key positive was the sharp decline in India VIX, which dropped 8 per cent to sub-20 levels,” said Hariprasad K, Research Analyst and Founder of Livelong Wealth. He added that the rebound was led by the automobile segment, with the Nifty Auto index gaining 2 per cent.
Meanwhile, Brent crude rose 2.44 per cent to USD 102.7 per barrel. According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 9,365.52 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 12,593.36 crore.
In the previous session on Monday, the Sensex had surged 938.93 points or 1.26 per cent to close at 75,502.85, while the Nifty gained 257.70 points or 1.11 per cent to settle at 23,408.80.
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