Sensex rises 376 points to finish at 33,605; Nifty ends above 9,900

NEW DELHI: Equity indices finished in green on Tuesday led by gains in financial and IT stocks, amid strong cues from global equities.
After a highly volatile session, the 30-share BSE index rose 376 points or 1.13 per cent to close at 33,605; while, the broader NSE Nifty finished 100 points or 1.02 per cent higher at 9,914.
Top gainers in the sensex pack included HDFC twins, ICICI Bank, Infosys and Kotak Mahindra Bank with their shares rising as much as 4.16 per cent.
While, Tech Mahindra, Axis Bank, IndusInd Bank, ITC and Bharti Airtel were the top losers falling up to 2.75 per cent.
On the NSE platform, sub-indices Nifty Financial Services, Bank and Private Bank gained as much as 2.77 per cent.
The Fed said it would start purchasing a diversified range of investment grade US corporate bonds in a bid to secure companies' access to cash and ensure credit market liquidity amid the COVID-19 pandemic.
Global liquidity, driven mainly by stimulus in the United States and Europe, has propelled buying from foreign institutional investors in Indian markets, analysts said.
"Domestically things are not great right now but there is a possibility of the gush of liquidity continuing because of the Fed move," Neeraj Dewan, director at Quantum Securities told news agency Reuters.
India has been struggling to contain the coronavirus pandemic, with the country's capital fast running out of hospital beds.
The number of COVID-19 cases surged well past 3,43,000 and deaths were over 9,900 as of Tuesday.
Meanwhile, a rebound in oil prices amid signs of improving demand and declining production also helped Tuesday's positive momentum.
On the currency front, the rupee pared initial gains and closed 17 paise lower at 76.20 (provisional) against the US dollar amid escalation in border tension with China.
(With agency inputs)