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NEW DELHI: Equity indices ended the benchmark high for the fourth consecutive season on Tuesday BSE SENSEX Over 500 points, due to gains in banking and financial stocks.
The 30-share BSE index rose 519 points or 1.49 percent to close at 35,430; While the broader NSE Nifty rose 172 points or 1.67 percent to close at 10,483.
The top Sensex stocks include Bajaj Finance, L&T, IndusInc Bank, NTPC, Power Grid, M&M and Axis Bank, which have gained 9.26 per cent.
While Reliance, Bharti Airtel and Maruti were the only losers, falling by 1.40 percent.
On the NSE platform, sub-indices Nifty PSU Bank and Private Bank gained 3.65 percent.
According to analysts, positive sentiment in global stocks and non-foreign foreign exchange inflows supported the domestic equity market.
Siddharth Khemka, head of retail research at Motilal Oswal Securities, told news agency Reuters, “The unprecedented amount of stimulus packages, driven by global central banks, is the flow of liquidity across asset classes that gives quick returns.”
On the currency front, after a spurt in the domestic equity market and continued inflow of foreign funds, the rupee fell 37 paise to close at 75.66 against the US dollar.
Meanwhile, on a net basis, foreign institutional investors bought equity worth Rs 424.21 crore in the capital market on Monday, provisional exchange data showed.
(With agency inputs)
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