The domestic key equity indices rallied on Tuesday on the back of overall positive sentiments. The NSE Nifty 50 rose 325 points or 1.45% to settle at 22,834, while the BSE Sensex jumped 1,131 points or 1.53% to finish at 75,301.
Nifty Realty was the top gainer among the sectoral indices, rising 3.16% in Tuesday’s trade. It was followed by Nifty Consumer Durables, gaining more than 2.6% to close at 35,573.45.
The Nifty Bank surged 960 points or 1.99% to close at 49,314.50. Outperforming the benchmarks, the BSE Midcap jumped almost 1,200 points or 2.73% to close at 45,031.
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In the broader markets, small- and mid-cap stocks closed the day on a positive note. The volatility index India VIX cooled down 1.5% to the 13.21 level.
The market breadth remained in favour of bulls. ICICI Bank (3.35%) was the top gainer in the Nifty 50, followed by L&T (3.07%), Shriram Finance (3%), M&M (2.95%), and Tata Motors (2.69%). Meanwhile, Bajaj Finserv, Tech Mahindra, and Bharti Airtel were the major losers in the Nifty 50.
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“The national benchmarks witnessed a strong recovery, driven by favourable global trends and domestic tailwinds. Improved retail sales data from the US and China boosted investor confidence, while mid- and small-cap stocks outperformed, with all major sectors registering gains,” said Vinod Nair, Head of Research at Geojit Financial Services.
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