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Sensex rises 584 points, private banks shine

The benchmark Sensex gained 584 points to HDFC Twins, ICICI Bank and Kotak Bank on Tuesday amid positive signals from global markets.

The 30-share BSE index rose 584.41 points or 1.16% to end at 51,025.48 and the broader NSE Nifty rose 142.20 points or 0.95% to 15,098.40.

Kotak Bank the Sensex pack by 3%, followed by HDFC Twins, ICICI Bank, Tech Mahindra, Bajaj Finance, Asian Paints and TCS.

On the other hand, PowerGrid, ONGC, NTPC and Drs. They were lagging behind Reddy.

According to Reliance Securities head-strategy Binod Modi, domestic rose for the second consecutive day mainly due to favorable signals from global markets.

Financials (ex-PSU banks) prominently supported the market rally on Tuesday. Most major regional indices, except for financial and IT, do little business.

He said that notably, the midcap and small cap indices were down as investors opted to benefit from the table following the recent run-up at these locations.

Elsewhere in Asia, nutrition in Hong Kong and Tokyo ended on a positive note, while Shanghai and Seoul were in the red.

Stock exchanges in Europe were trading with gains in mid-session deals.

Meanwhile, global oil benchmark Brent crude was up 0.72% at $ 68.73 a barrel.

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