MUMBAI: Indian stock markets’ key indices rallied for the second consecutive day on Tuesday with the benchmark Sensex surging 934 points, powered by across-the-board buying support on positive global cues.
The 30 stock S&P BSE Sensex surged 934.23 points to 52,532.07 points against its previous day’s close at 51,597.84 points. This is the second consecutive day of the rally in the Indian equities markets. The Sensex had gained 237.42 points on Monday.
The markets have recovered this week after huge selloffs in the previous week amid heavy selling pressure. The Sensex had lost 2,943.02 points last week.
The benchmark Sensex started the day in the positive at 51,897.60 points and surged to a high of 52,799.40 points in the intra-day. It touched a low of 51,808.76 points in the intra-day.
The broader Nifty 50 of the National Stock Exchange surged 288.65 points to 15,638.80 points against its previous day’s close at 15,350.15 points. This is the second consecutive day of the rally in the Nifty. The Nifty 50 had gained 56.65 points on Monday.
Earlier, the Nifty 50 started the day in the positive at 15,455.95 points and surged to a high of 15,707.25 points and touched a low of 15,419.85 points in the intra-day.
Titan surged 5.92 per cent to Rs 2,078.45, State Bank of India surged 3.79 per cent to Rs 450.70, Tata Consultancy Services soared 3.17 per cent to Rs 3,212, HCL Technologies jumped 2.81 per cent to Rs 987.35 while Tata Steel jumped 2.68 per cent to Rs 884.25.
There was across-the-board buying support. Only one of the 30 scrips that are part of the benchmark Sensex closed in the negative. Nestle India fell 0.26 per cent to Rs 16920.05.
Eleven of the 30 scrips rallied by more than 2 per cent. Dr Reddy’s Laboratories, Wipro, Infosys, ITC, Tech Mahindra, L&T, IndusInd Bank, HDFC and Bharti Airtel were among the major Sensex gainers. (ANI)