The Indian equities markets key indices rose by nearly 1.5 percent on Tuesday led by broad-based buying support ahead of the presentation of Union Budget 2022-23.
The benchmark Sensex surged 1.47 percent or 850.71 points to 58,864.88 points at 10.30 am, against its previous day’s close at 58,014.17 points.
This is the second consecutive day of the rally in the Indian stock markets ahead of the presentation of the budget. The Sensex had rallied 813.94 points or 1.42 percent on Monday.
The broader Nifty 50 of the National Stock Exchange was trading 242.15 points or 1.4 percent higher at 17,582.00 points against its previous day’s close of 17,339.85 points.
The Nifty had gained 237.90 points or 1.39 percent on Monday.
There was strong buying support in banking and financial stocks. IndusInd Bank surged 3.23 percent to Rs 900. ICICI Bank soared 2.62 percent to Rs 809.95. Axis Bank surged 2.12 percent to Rs 789.50. HDFC rose 1.98 percent to Rs 2570.85 and HDFC Bank surged 1.79 percent to Rs 1512.15.
Sun Pharma 4.74 percent higher at Rs 873.65; Tata Steel 2.35 percent higher at Rs 1110.50; L&T 1.67 percent higher at Rs 1940.80; Infosys 1.38 percent higher at Rs 1760.60 and UltraTech Cement 1.37 percent higher at Rs 7313.45 were among the major Sensex gainers.
The index heavyweight Reliance Industries was trading 0.84 percent higher at Rs 2406.50. (ANI)
