Benchmark indices, Sensex and Nifty, continued their positive momentum for the third consecutive day on Tuesday, with Sensex surging 753.03 points to close with a gain of nearly 1 per cent and broader Nifty ending 211.75 points higher following a drop in crude oil prices and hopes for progress in Iran-US peace talks and supportive global cues. During the day, the 30-share BSE Sensex surged 846.78 points or 1.07 per cent to 79,367.08. The 50-share NSE Nifty climbed 211.75 points or 0.87 per cent to end at 24,576.60. From the 30-Sensex firms, Trent, Hindustan Unilever, ICICI Bank, Bajaj Finance, HDFC Bank, and Axis Bank were among the major gainers.
Broad-based rally
On the sectoral front, the rally was broad-based, with all sectors closing in the green except CPSE, which ended marginally lower.
“Realty stocks led the gains, advancing more than 2 per cent, followed by FMCG and banking stocks – both private and public sector – which rose around 1.5 per cent, reflecting improving consumer and credit sentiment. Media, tourism, financials, as well as small- and mid-cap indices, all gained over 1 per cent, underscoring the breadth of the advance,” said Ponmudi R, CEO of Enrich Money.
