Mumbai/Delhi : Benchmark Indices Sensex and Nifty rebounded on Tuesday as market witnessed buying in banking, financial services and IT sector stocks.
The 30-share BSE Sensex jumped 482.70 points or 0.68 per cent to settle at 71,555.19. It touched a high of 71,662.74 and a low of 70,924.30 during the trade on Tuesday.
On the other hand, broader NSE Nifty also rose 127.20 points or 0.59 percent to close at 21,743.25.
A total of 25 stocks in the 30-share barometer settled in the green while 11 constituents of Nifty closed Tuesday’s session with losses.
Among the major gainers in the Sensex pack were ICICI Bank, Axis Bank, Wipro, Kotak Mahindra Bank and NTPC. However, five stocks which defied the trend were UltraTech Cement, Mahindra & Mahindra, Titan, Tata Motors and Nestle.
BSE Smallcap index went up 0.18 per cent while Midcap and large cap indices closed with a gain of 0.61 per cent each.
Global Oil benchmark Brent crude rose 0.78 per cent to USD 82.64 a barrel on Tuesday.
Meanwhile, Gold and Silver prices registered a hike on the Multi Commodity Exchange (MCX) on Tuesday. Gold futures, maturing on April 5, 2024, touched Rs 62,090 per ten grams on the MCX, recording a marginal hike of Rs 12 or 0.02 per cent. The previous close was at Rs 62,078.
Silver futures, maturing on March 5, 2024, witnessed a hike of Rs 40 or 0.06 per cent and was selling at Rs 71,049 per kg on the MCX against the previous close of Rs 70,009.
In another development, the Rupee declined marginally to 83.01 against the US dollar in early trade on Tuesday amid a muted trend in domestic equities. Besides, a stronger American currency and elevated crude oil prices also hit the sentiments of the customers.
