Share/Stock Highlights: The frontline equity indices on the BSE and National Stock Exchange (NSE) staged a sharp recovery after a poor start and ended 0.75 per cent higher on Tuesday led by gains in market heavyweight Reliance Industries (RIL) along with information technology (IT) and banking stocks.
The S&P BSE Sensex climbed 445.56 points (0.75 per cent) to end at 59,744.88 while the Nifty 50 settled at 17,822.30, up 131.05 points (0.74 per cent). Both the indices had opened in the negative territory tracking global cues but later swung into the green during the afternoon trade.
On the BSE benchmark, RIL was the top contributor of the day. The stock surged over 2 per cent to breach the Rs 2,600-mark and hit a fresh all-time high, settling at Rs 2609.10 on the BSE. The market capitalisation of the behemoth stood at Rs 16,54,024.10 crore and the end of day’s trade, BSE data showed.
Apart from RIL, IT majors Tata Consultancy Services (TCS) and Infosys along with Bharti Airtel, HDFC Bank and IndusInd Bank were the other top Sensex contributors.
Among sectoral indices on NSE, the Nifty IT was the top gainer on Tuesday led by HCL Technologies, MphasiS and TCS. Separately, the Nifty Auto too rose 0.48 per cent driven by Ashok Leyland and Maruti Suzuki India. The Bank Nifty climbed 0.43 per cent aided by IndusInd Bank and AU Small Finance Bank.
In the broader market, the S&P BSE MidCap index ended at 25,688.67, up 84.79 points (0.33 per cent) while the S&P BSE SmallCap settled at 28,851.62, up 154.90 points (0.54 per cent).
(with inputs from agencies)