HomeBusinessMarket rally on the second day; Nifty jumps over 1%

Market rally on the second day; Nifty jumps over 1%

Sun Pharma, Dr Reddy’s, IndusInd Bank, Tata Steel, Titan, Bajaj Finserv, ICICI Bank and Asian Paints were the top gainers in the 30-share Sensex pack.

Sun Pharma, Dr Reddy’s, IndusInd Bank, Tata Steel, Titan, Bajaj Finserv, ICICI Bank and Asian Paints were the top gainers in the 30-share Sensex pack.

Equity indices ended higher for the second straight session on Tuesday, with the Nifty rising over 1%, helped by buying and recovery in the US and Asian markets.

Inflow of foreign funds also added to the momentum.

The 30-share BSE Sensex ended 578.51 points or 0.98% higher at 59,719.74. It rose 964.56 points or 1.63% to 60,105.79 during the day.

The NSE Nifty closed 194 points or 1.10% higher at 17,816.25. It rose 297.05 points or 1.68% to 17,919.30 in intra-day trade.

Sun Pharma, Dr Reddy’s, IndusInd Bank, Tata Steel, Titan, Bajaj Finserv, ICICI Bank and Asian Paints were the top gainers in the 30-share Sensex pack.

However, Nestle, Power Grid, Infosys and Reliance Industries Ltd lagged behind.

Elsewhere in Asia, markets in Seoul, Tokyo, Shanghai and Hong Kong ended higher.

European stock markets were trading in negative territory in mid-session deals. US markets closed with gains on Monday.

Meanwhile, international oil benchmark Brent crude rose 0.49% to $92.45 a barrel.

Foreign institutional investors (FIIs) on Monday bought shares worth a net Rs 312.31 crore as they became buyers, according to data available with BSE.

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