Bajaj Finance was the top gainer in the Sensex pack, followed by IndusInd Bank, Tata Steel, ITC, Bajaj Finserv, Tech Mahindra and Infosys.
Equity benchmark Sensex rose 514 points on Tuesday led by gains in Infosys, Bajaj Finance and ITC amid a supportive trend in global markets.
The 30-share Sensex closed at 59,005.27, up 514.34 points or 0.88%. Similarly, the NSE Nifty rose 165.10 points or 0.95% to 17,562.
Bajaj Finance was the top gainer in the Sensex pack, rising nearly 5%, followed by IndusInd Bank, Tata Steel, ITC, Bajaj Finserv, Tech Mahindra and Infosys.
On the other hand, Maruti, Bajaj Auto, Nestle India, PowerGrid and Axis Bank were among the laggards.
Binod Modi, Head (Strategy) Reliance Securities said, “The domestic benchmark indices witnessed a sharp recovery mainly due to a sharp rebound in defensive sectors such as IT, pharma and FMCG.”
Besides, Nifty Metal also witnessed a strong rebound as investors used heavy fall in metal stocks as a buying opportunity in the fall, he said, adding that positive cues from global equities also supported the correction in the market.
Elsewhere in Asia, the Hang Seng ended on a positive note, while the Nikkei was in the red. Stock markets in China and South Korea remained closed for the holidays.
Stock exchanges in Europe rose more than 1% in afternoon trading.
Meanwhile, international oil benchmark Brent crude rose 0.96% to $74.63 per barrel.
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