Sensex rises 477 points, Nifty rises 17,200 points amid rally in global stocks

Asian Paints was the top gainer in the Sensex pack, rising nearly 3%, followed by Sun Pharma, M&M, NTPC, UltraTech Cement and Titan.

Equity benchmark Sensex rose 477 points on Tuesday, tracking gains in index heavyweights Reliance Industries, Infosys and HDFC Bank amid a positive trend in global markets.

The 30-share index ended 477.24 points or 0.83% higher at 57,897.48. Similarly, Nifty rose 147.20 points or 0.86% to 17,233.45.

Asian Paints was the top gainer in the Sensex pack, rising nearly 3%, followed by Sun Pharma, M&M, NTPC, UltraTech Cement and Titan.

On the other hand, IndusInd Bank and PowerGrid lagged behind.

VK Vijayakumar, Chief Investments, VK Vijayakumar said the resiliency of the US market (the S&P 500 recorded its 69th record high on Monday) and the spike in crude oil is an indication that the Omicron variant, though rising, is fueling economic activity. is not likely to be affected in any meaningful way. Strategist at Geojit Financial Services.

Elsewhere in Asia, shares in Shanghai, Hong Kong, Seoul and Tokyo ended on a positive note. Stock exchanges in Europe were also trading largely with gains in mid-session deals.

Meanwhile, international oil benchmark Brent crude rose 0.61% to $78.70 per barrel.

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