The market climbed on the second day as well; Sensex, Nifty up nearly 2%
Benchmark indices advanced for a second straight session on Tuesday, with Sensex and Nifty rising nearly 2 per cent, reflecting a rally in global equity markets. Buying in major indices Reliance Industries and IT stocks led the benchmarks to rise.
The BSE Sensex closed at 52,532.07, up 934.23 points or 1.81 per cent. During the day, it closed at 52,799.40, up 1,201.56 points or 2.32 per cent. The NSE Nifty climbed 288.65 points or 1.88 per cent to end at 15,638.80.
Titan, SBI, TCS, HCL Technologies, Dr Reddy’s, Tata Steel, Wipro, Infosys, ITC and Tech Mahindra were the major gainers from the Sensex pack. Only Nestle India ended with a slight decline.
Elsewhere in Asia, markets in Hong Kong, Tokyo and Seoul ended with smart gains, while Shanghai closed in the red. European markets were trading in the green in mid-session deals. US markets remained closed on Monday for a holiday.
Vinod Nair said, “Absence of fresh sell-off triggers in the domestic and global economy as well as fall in commodity prices gave relief to the heavily discounted equity market to show recovery. Recovery indicates inflation and tightening of monetary policy. of existing uncertainties. Head of Research at Geojit Financial Services.
However, with the highly sensitive nature of the current equity market, even the slightest discomfort can trigger volatility, he said.
Meanwhile, international oil benchmark Brent crude jumped 1.57 per cent to $115.9 a barrel.
Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 1,217.12 crore on Monday, according to exchange data.