Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended nearly 1 per cent higher on Tuesday after trading on a volatile note for the most part of the session amid gains in realty, metals and information technology (IT) stocks.
The S&P BSE Sensex surged 514.34 points (0.88 per cent) to reclaim the 59,000-level mark and settle at 59,005.27, while the Nifty 50 ended at 17,562.00, up 165.10 points (0.95 per cent). Both the indices had opened nearly 0.5 per cent higher earlier today and swung back and forth in highly volatile trade throughout the morning before rallying towards the late afternoon session.
The gains in the Sensex pack were led by Bajaj Finance, IndusInd Bank, ITC, Bajaj Finserv, Tata Steel and HCL Technologies. On the other hand, Maruti Suzuki India, Bajaj Auto, Nestle India, HDFC Bank and Power Grid Corporation of India were the laggards of the day.
Among sectors, the Nifty Realty index rallied 3.57 per cent higher led by Brigade Enterprises and Prestige Estates Projects. The Nifty Metal index climbed 2.55 per cent aided by JSW Steel and Steel Authority of India. The Nifty IT too rose 1.94 per cent led by MindTree and Larsen & Toubro Infotech.
In the broader market, the S&P BSE MidCap index climbed 193.61 points (0.79 per cent) to end at 24,792.12, while the S&P BSE SmallCap settled at 27,529.12, up 38.85 points (0.14 per cent). The volatility index or India VIX fell 5.55 per cent to 16.5200.
(with inputs from agencies)