Sensex zooms over 350 points, Nifty nears 9,400-mark amid positive global cues
New Delhi | Jagran Business Desk: The benchmark Sensex on Tuesday zoomed over 350 points, while Nifty added over 100 points led by gains in bank and auto stocks amid positive global cues.
At 9.11 am, the BSE barometer surged 358 points at 32,101, while the broader index Nifty 50 added 106 points to 9,389.
Major gainer in the Sensex pack was IndusInd Bank rising nearly 10 per cent, followed by Axis Bank, M&M, Ultra Cements, ICICI Bank.
On the flip side, shares of ONGC and Asian Paints ended in the red.
On Monday, the BSE barometer settled 415.86 points or 1.33 per cent higher at 31,743.08, while the Nifty closed 127.90 points, or 1.40 per cent, to 9,282.30.
Foreign portfolio investors were net sellers in the capital market on Monday, as they offloaded equity shares worth Rs 916.42 crore, provisional data showed.
The Reserve Bank of India's Rs 50,000-crore liquidity booster to the mutual fund industry has spurred buying in financial stocks, traders told PTI.
Expectation of another stimulus package by the government has also buoyed investor sentiment, they added.
Bourses in Shanghai and Hong Kong were trading on a positive note, while those in Tokyo and Seoul were in the red.
On Wall Street, key indices ended with significant gains in overnight trade.
International oil benchmark Brent crude futures fell 2.77 per cent to USD 22.43 per barrel.
Meanwhile, the global tally of coronavirus infections crossed 30 lakh, with over 2.11 lakh deaths.
According to the Union Health Ministry, death toll in India rose to 934, while COVID-19 cases climbed to 29,435.
(with PTI inputs)
Posted By: James Kuanal