Indian equity markets staged a sharp rebound on Tuesday, with the Sensex surging 1,109 points and the Nifty closing above 22,720. The rally was driven by gains in IT, financial and FMCG stocks, a recovery in the rupee and positive market sentiment following Finance Minister Nirmala Sitharaman's remarks on LTCG tax.
The 30-share benchmark index ended at 73033.78 up by 1109.1 points or by 1.54 % and then NSE Nifty was at 22721.95 up by 358.6 points or by 1.6 %.
Sensex touched intraday high of 73045.67 and intraday low of 71703.56 The NSE Nifty touched intraday high of 22721.95 and intraday low of 22288.45
The top gainers of the BSE Sensex pack were HCL Technologies Ltd. (Rs. 1321.00,+8.28%), Tata Consultancy Services Ltd. (Rs. 2267.00,+6.59%), Mahindra & Mahindra Ltd. (Rs. 1542.00,+4.90%), Infosys Ltd. (Rs. 1062.20,+4.44%), Hindustan Unilever Ltd. (Rs. 1875.50,+2.94%), among others.
The top losers of the BSE Sensex pack were Kotak Mahindra Bank Ltd. (Rs. 439.00,-0.90%), Eternal Ltd. (Rs. 321.00,-0.60%), Maruti Suzuki India Ltd. (Rs. 11254.90,-0.60%), among others.
_IT index was at 28560.49 up by 1340.55 points or by 4.92%. 63 Moons Technologies Ltd. (Rs. 902.80,+9.62%), Birlasoft Ltd. (Rs. 296.65,+8.40%), HCL Technologies Ltd. (Rs. 1321.00,+8.28%), Tanla Platforms Ltd. (Rs. 535.35,+7.28%), KPIT Technologies Ltd. (Rs. 513.40,+6.81%),.
_HCS index was at 48771.1 down by -83.39 points or by -0.17%. Park Medi World Ltd. (Rs. 235.25,-7.62%), 3B BlackBio Dx Ltd. (Rs. 1523.80,-5.49%), Jupiter Life Line Hospitals Ltd. (Rs. 240.60,-5.31%), TAKE Ltd. (Rs. 12.12,-4.94%), Morepen Laboratories Ltd. (Rs. 121.80,-4.77%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4825 , shares advanced were 2623 while 1946 shares declined and 256 were unchanged