NEW DELHI: Equity indices finished higher for the fourth consecutive session on Tuesday with the benchmark BSE sensex rising over 500 points, led by gains in banking and financial stocks.
The 30-share BSE index surged 519 points or 1.49 per cent to close at 35,430; while the broader NSE Nifty finished 172 points or 1.67 per cent higher at 10,483.
Top gainers in the sensex pack included Bajaj Finance, L&T, IndusInk Bank, NTPC, Power Grid, M&M and Axis Bank with their shares rising as much as 9.26 per cent.
While Reliance, Bharti Airtel and Maruti were the only losers, falling up to 1.40 per cent.
On the NSE platform, sub-indices Nifty PSU Bank and Private Bank gained as much as 3.65 per cent.
According to analysts, positive sentiment in global stocks and unabated foreign fund inflows supported the domestic equity market.
“Unprecedented amount of stimulus packages, driven by global central banks, is leading liquidity flows across asset classes that give quick returns,” Siddharth Khemka, head of retail research at Motilal Oswal Securities told news agency Reuters.
On the currency front, the rupee appreciated 37 paise to provisionally close at 75.66 against the US dollar, following a rally in domestic equity market and persistent foreign fund inflows.
Meanwhile, on a net basis, foreign institutional investors bought equities worth Rs 424.21 crore in the capital market on Monday, provisional exchange data showed.
(With agency inputs)