MARKET LIVE: Sensex surges 600 pts; HDFC Bank, RIL top contributors

Domestic equities extended their rally and were trading over 1.5 per cent higher on Tuesday.

The benchmark S&P BSE Sensex was trading at 37,467 level, up 630 points, or 1.7 per cent. RIL, ONGC, ITC, Asian Paints, and Maruti Suzuki were trading as the top gainers on the index. On the other hand, IndusInd Bank, TechM, Power Grid, and HCL Tech slipped in the red.

HDFC Bank surged over 6 per cent after the Reserve Bank of India approved Sashidhar Jagdishan's name for the post of CEO of the bank. READ MORE
 
The broader Nifty50, meanwhile, topped 11,050-mark and was at ruling at 11,060 levels, up 168 points or 1.54 per cent. 

 

Sectorally, Nifty IT index slipped into the red, down 0.4 per cent, after US President Donald Trump on Monday signed an executive order restricting federal agencies from contracting or subcontracting foreign workers, hurting Indian IT professionals who work in the US on the H-1B visa. READ MORE

In the broader market, the S&P BSE MidCap index was at 13,806 level, up 0.6 per cent. The S&P BSE SmallCap index, on the other hand, was at 13,297 level, up 1 per cent.