The primary Indian equities indices concluded trading on Tuesday mostly higher. The NSE Nifty 50 jumped 119.10 points or 0.70% to 17,107.50, while the BSE Sensex rose 445.73 points to 58,074.68. Bank Nifty rose 532.75 points to 39,894.70. The size of the market was definitely in the purchasers’ favour. The small- and mid-capitalization S&P BSE indexes finished the day up 0.6%.
On Tuesday, equity markets saw huge gains due to an improvement in world sentiment and a relief rally after many days of bearish hammering.
The gains were also aided by solid purchases from Reliance Industries (RIL), Bajaj Finance, Bajaj Auto, HDFC Life, Titan, ICICI Bank, Axis Bank, HDFC twins, Ultratech Cement, and IndusInd Bank.
Financial stocks were seen to be holding their own among sectors, with the Nifty Bank, PSU Bank, Pvt Bank, and Financial Services indices all rising by up to 2%. The Nifty IT and FMCG indices were down up to 0.8%, which put the defensive plays on the back foot.