New Delhi | Jagran Business Desk: The benchmark Sensex on Tuesday rallied by more than 2,450 points, while Nifty rose by more than 700 points led by gains in bank, IT and auto stocks amid recovery in global equities. At 3.04 pm, the BSE Barometer was trading 2,476 points or nearly 9 per cent higher at 30,067, while NSE Nifty soared 717 points at 8,800.
In the opening session, Sensex had gained 1307 points at 28,898, while broader index Nifty surged by 362 points to 8,446.
Major gainer in the Sensex pack, included IndusInd Bank surging up to 15 per cent, followed by Mahindra and Mahindra, HCL Tech, ICICI Bank, Axis Bank and Infosys. On the flip side, Bajaj Finance was the sole loser.
On Friday, the 30-share BSE barometer ended 674.36 points or 2.39 per cent lower at 27,590.95 and the NSE Nifty shed 170 points, or 2.06 per cent, to finish at 8,083.80.
Foreign institutional investors (FIIs) were net sellers in the capital market, as they offloaded equity shares worth Rs 1,960.97 crore, provisional data showed.
On Monday, the Market was closed on account of ‘Mahavir Jayanti'.
Despite concerns over rising coronavirus cases in the country, domestic equities took positive cues from global stocks and turned positive, traders said.
Asian bourses in Tokyo, Hong Kong, Shanghai, and Seoul rallied up to 2 per cent. Overnight, benchmark exchanges on Wall Street ended more than 7 per cent higher.
Brent crude futures surged 2.66 per cent to USD 33.93 per barrel on fresh hopes an OPEC-led meeting this week will reach an agreement to reduce oversupply and shore up the market.
The number of coronavirus cases in India has stood at over 4,400 and the death toll was above 100, according to Union health ministry. The Global tally of COVID-19 infections has crossed 13 lakh, with over 74,000 deaths.
(with PTI inputs)
Posted By: James Kuanal
