Market rises after two days of decline; Sensex climbs 777 points

Benchmark indices rose on Tuesday after falling in the past two sessions, with the Sensex rising nearly 777 points, helped by buying in major Reliance Industries and recovery in global markets.

The 30-share BSE benchmark jumped 776.72 points or 1.37% to end at 57,356.61. During the day, it closed at 57,442.24, up 862.35 points or 1.52%.

The broader NSE Nifty ended 246.85 points or 1.46% higher at 17,200.80.

In the 30-share Sensex pack, PowerGrid, Titan, M&M, IndusInd Bank, Bajaj Finance, Reliance Industries, Larsen & Toubro, SBI, Bharti Airtel and HUL were among the major gainers.

In contrast, Axis Bank, Asian Paints, Maruti and TCS closed in losses.

Elsewhere in Asia, markets in Tokyo, Hong Kong and Seoul closed in the green, while Shanghai ended lower.

European markets were also trading in the green in the afternoon session.

Stocks in the United States had ended with gains on Monday.

Meanwhile, international oil benchmark Brent crude fell 0.75% to $101.55 per barrel.

Foreign institutional investors continued selling shares worth a net ₹3,302.85 crore on Monday, according to stock exchange data.