Equity benchmark indices extended gains in the afternoon session on Tuesday after a strong rally led by banking and financial stocks.
The BSE S & P Sensex closed 425 points higher at 38,233 while the NSE Nifty 50 was up 129 points at 11,483.
Among the lead gainers were State Bank of India, Bajaj Finance, Reliance Industries, Vedanta and NTPC. All of them gained three to four per cent.
Tech Mahindra, Indian Oil, Infosys, Wipro, and Coal India lost 0.6 to 2.5 per cent.
The most active stocks on the National Stock Exchange were Jet Airways, Reliance Industries, DLF, HDFC Bank, and Infosys.
Meanwhile, Asian stock markets were up after two days of losses. Investors remained cautious amid fresh worries of a possible US recession in coming months and the lingering Brexit crisis.
On Monday, British Prime Minister Theresa May said that there was not enough support to put her deal to a third vote in Parliament.
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