MARKET WRAP: Sensex up 519 pts on broad-based buying, Nifty ends at 10,471

All the sectoral indices on the NSE ended higher (Photo: Kamlesh Pednekar)

Equity benchmark indices ended around 1.5 per cent higher on Tuesday, owing to across-the-board buying. 

The S&P BSE Sensex rallied 519 points or 1.49 per cent to settle at 35,430 levels, while the Nifty50 index ended at 10,471, up 160 points or 1.55 per cent. 

Bajaj Finance (up over 9 per cent), L&T (up over 6.5 per cent), and IndusInd Bank (up over 6.5 per cent) were the top gainers on the 30-share Sensex. On the other hand, Reliance Industries (RIL) ended as the biggest loser - down 1.5 per cent. 

IT stocks reversed morning losses and ended higher, shrugging off US President Donald Trump's decision to suspend the entry into the United States of certain foreign workers. Nifty IT index gained 1.5 per cent to 14,680 levels. 

All the sectoral indices on the NSE ended higher, led by the Nifty PSU Bank index, up 3.4 per cent. Broader indices continued to outperform the benchmarks. The S&P BSE MidCap and SmallCap indexes advanced 1.7 per cent and 1.8 per cent, respectively.
 

Global markets

Asian equity markets bounced on Tuesday after U.S. President Donald Trump said the U.S.-China trade pact was “fully intact”, clarifying earlier confusing statements from the White House over the fate of the deal.

MSCI’s broadest index of Asia Pacific shares outside of Japan rose 0.72% to 517.1 points after earlier going as low as 509.9. Chinese shares regained lost ground too, with the blue-chip index last up 0.38%.

(With Reuters inputs)