Indian markets rose for the second consecutive session, witnessing huge buying interest in the indices. Sensex scored more than 900 points, while the Nifty50 rose more than 15,600 points, led by metal and IT. BSE companies are regaining 60% of the market capitalization lost in the last 3 sessions, up to 6 billion rupees today.
At the close of the market, BSE Sensex rose more than 934 points or 1.81% to 52,532, while Nifty gained 288 points or 1.9% to 15,639 levels. Wider markets recovered from Monday’s loss to outperform, with medium and small capitals jumping about 3.5% at close.
As many as 48 components of Nifty closed green at the close, with Titan shares accounting for the biggest gain in a single day since October 2021, growing by more than 6%, followed by Hindalco also by nearly 6%. While Coal India, JSW Steel, Tata Motors rose in price in the range of 4-5% at the close.
In addition, Adani Ports, SBI, ONGC and TCS rose between 3-4%, while Eicher Motors, HCL Tech, Dr Reddy, Wipro, Infosys, Tata Steel, UPL, Tech Mahindra, ITC, SBI Life and NTPC won between 2-3 market percent closes on Tuesday.
All sector indices are rising, while the volatility index is falling by more than 5 percent. The metals are recovering after yesterday’s sale, while banking and finance are extending profits for a second day. In addition, IT and Realty were among the biggest gains in the sector on Tuesday.