Sensex jumps 558 points to close at 38,493; Nifty reclaims 11,300

NEW DELHI: Equity indices finished higher on Tuesday with the benchmark BSE sensex rising over 550 points led by gains in auto and IT stocks amid positive global cues.
The 30-share BSE sensex finished 558 points or 1.47 per cent higher at 38,493. While, the broader NSE Nifty surged 169 points or 1.52 per cent to close at 11,301.
Top gainers in the sensex pack included Ultra Cemco, Kotak Bank, TCS, M&M, Maruti, IndusInd Bank and Bajaj Auto with their shares rising as much as 7.17 per cent.25 out of 30 stocks finished in green.
While ICICI Bank, Nestle India, Asian Paints, ONGC and ITC were the only losers falling up to 1.84 per cent.
On the NSE platform, sub-indices Nifty Auto, IT, Metal gained as much as 3.21 per cent.
According to experts, investors continued to pay a close attention to constantly rising Covid-19 cases globally and US-China friction.
"Expectations of a US stimulus has contributed to positivity across many other global markets," Ajit Mishra, vice president research at Religare Broking told news agency Reuters.
"Any positive signs from the US market will have an impact on domestic sentiment," he added.
Investors are hoping for improved monthly auto sales numbers when they are announced in a week's time, Mishra further noted.
On the currency front, the rupee settled for the day nearly flat at 74.84 (provisional) against the American dollar, lower by just 1 paisa.
(With agency inputs)