To end the day at 58,065.47, the 30-share BSE Sensex edged higher by 1,276.66 points or 2.25 per cent. During the day, it gained 1,311.13 points or 2.30 per cent to reach 58,099.94.
The market price of listed companies on BSE rose by Rs 5,66,318.84 to Rs 2,73,92,739.78.
Shrikant Chauhan, Head of Equity Research (Retail), Kotak Securities Limited said, “The benchmark indices rose sharply in the backdrop of strong global cues.
IndusInd Bank, Bajaj Finance, Tata Consultancy Services, Bajaj Finserv, HDFC, Tata Steel, Larsen & Toubro, Wipro, HDFC Bank and Axis Bank were the top gainers in the 30-share Sensex group. Only Power Grid, Sun Pharma and Dr Reddy’s were left behind.
The BSE Midcap gauge gained 2.42 per cent and the Smallcap index gained 1.49 per cent.
All BSE sectoral indices ended in the green with gains in metals (3.43%), services (3.08%), financial services (2.82%), bankex (2.74%), and IT (3.43%). (2.68 percent).
Markets in Seoul and Tokyo closed higher than elsewhere in Asia. In mid-session trade, stock exchanges in Europe were trading in the green. On Monday, the US stock markets closed with great gains.
According to data available with BSE, foreign institutional investors acquired shares worth Rs. 590.58 crore on Monday after becoming a net seller recently.
Ajit Mishra, VP-Research, Religare Broking Ltd, said, “Markets firmed up after Monday’s fall and gained over 2 per cent, tracking strong global cues.