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Sensex Soars Over 558 Points; Nifty Tops 11,300 Mark

FILE PHOTO:  A man wearing a protective mask walks past the Bombay Stock Exchange (BSE) building in Mumbai. REUTERS/Francis Mascarenhas/File photo

FILE PHOTO: A man wearing a protective mask walks past the Bombay Stock Exchange (BSE) building in Mumbai. REUTERS/Francis Mascarenhas/File photo

After opening above the key 38,000-level, the 30-share Sensex went on to touch the day's high of 38,555 in late-afternoon trade. It finally closed at 38,492.95, up 558.22 points or 1.47 per cent.

The BSE benchmark Sensex surged over 558 points and the NSE Nifty topped the 11,300-mark on Tuesday, propelled by broad-based buying and firm cues from global markets. After opening above the key 38,000-level, the 30-share Sensex went on to touch the day's high of 38,555 in late-afternoon trade. It finally closed at 38,492.95, up 558.22 points or 1.47 per cent.

Likewise, the NSE barometer Nifty climbed 168.75 points or 1.52 per cent to end at 11,300.55. On the Sensex, 25 shares closed with gains while only five logged losses.

Ultratech Cement, TCS, Kotak Mahindra, M&M, Maruti, IndusInd Bank and Bajaj Auto were the prominent gainers. On the other hand, ICICI Bank, Nestle, Asian Paints, ONGC and ITC ended in the red.

Asian markets posted significant gains following upbeat US stocks. On the forex market front, the Indian rupee settled flat at 74.84 against the US dollar.

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