Sensex jumps over 750 points from day’s low; Nifty ends above 17,550

Indian benchmark share indices settled higher on Tuesday led by a quick rebound in metal and IT stocks amid a positive trend in global peers.

Sensex jumped 772.73 points from day’s low to end at 59,005.27, up 514.34 points or 0.88% from its previous close. Likewise, Nifty settled at 17,562, up 165.10 points or 0.95%.

Bajaj Finance, adding nearly 5%, was the top Sensex gainer followed by IndusInd Bank, Tata Steel, ITC, Bajaj Finserv, Tech Mahindra and Infosys. Maruti, Bajaj Auto, Nestle India, PowerGrid and Axis Bank were among the laggards.

Most sectoral indices on the NSE closed in the green. Nifty Realty, gaining over 3.5%, was the top sectoral gainer followed by Nifty Metal, and Nifty IT. Metal stocks witnessed strong rebound as investors utilised the correction as an opportunity to buy in dips.

On the other hand, Nifty Auto and Nifty PSU Bank settled 0.46% and 0.05% lower each.

Among Asian peers, Hong Kong’s Hang Seng ended higher while Nikkei was in the red. Stock exchanges in China and South Korea were closed for holidays.