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Sensex, Nifty surges over 2%

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The Indian benchmark equity indices Sensex and Nifty surged by over 2 per cent on Tuesday due to strong gains in information technology, metals and pharma stocks.

The Sensex settled above the 50,000-mark for the first time since March 23 at 50,136 levels. It was up 1,128 points or 2.33 per cent. On the other hand, the Nifty50 closed tad below the 14,850-mark at 14,845 levels, up 338 points or 2.33 per cent.

Notably, the stock markets on Tuesday posted biggest single-day gains in the last two months

Asian share markets strengthened Tuesday as investors remained focused on the global vaccination programme rather than the Archegos Capital default in the US that hit international banking stocks overnight.

Gainers and losers

Some of the top gainers on Tuesday include Infosys, Power Grid, HUL, HCL Tech, TCS, Nestle, and NTPC. HDFC twins were the outperforming stocks on the 30-share BSE barometer today, up between 3 per cent and 4 per cent, while UPL, JSW Steel, Tata Steel, Shree Cement, Wipro, and Divis Labs were the top stocks on the Nifty.

Also Read: 56,211 COVID-19 cases, 271 deaths in a day in India

On the downside, M&M, Axis Bank, Bharti Airtel, and Hindalco were the only stocks in the red, down up to 0.32 per cent.

On the sectoral front, the Nifty IT and Pharma index advanced 3 per cent each on the NSE, while the Nifty FMCG and Metal indices closed with nearly 2.5 per cent gains. On the contrary, the Nifty Realty index ended 0.8 per cent down in a firm market.

 

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