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MARKET WRAP: HDFC twins lift indices; Sensex up 601 pts, Nifty tops 11,650

All that happened in the markets today

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Markets | Tata Motors | Britannia Industries

SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

Markets continue to rally on RBI policy fillip; Sensex rises 164 points
The trend among Nifty sectoral indices was largely positive, led by the Nifty Financial Services index, up over 3 per cent.
The Indian stock market ended over one per cent higher on Tuesday, led by healthy buying in counters such as HDFC, Bank, ICICI Bank, Infosys, and Asian Paints.

The S&P BSE Sensex gained 601 points, or 1.54 per cent to settle at 39,575 levels and the Nifty50 index ended above the 11,650 mark at 11,662, up 159 points, or 1.38 per cent. 
 
(up over 8%) and (up over 3%) were the top Sensex gainers, followed by M&M (up 3%), and Asian Paints (up 3%). On the other hand, Tata Steel (down over 1 per cent) ended as the biggest loser on the index.

The trend among Nifty sectoral indices was largely positive, led by the Nifty Financial Services index, up over 3 per cent.

In the broader market, the S&P MidCap and SmallCap indexes ended 0.59 per cent and 0.55 per cent higher, respectively. 

Global markets

Asian stock advanced to a more than two-week high on Tuesday after US President Donald Trump was discharged from hospital following treatment for Covid-19, and as prospects for a fresh US stimulus package appeared to brighten.

In Europe, stocks eased from a two-week high as a slide in technology and healthcare stocks along with mixed corporate updates took some shine off equities. 

In commodities, oil prices gained due to fears that refineries could be hit by a storm brewing in the Gulf of Mexico. Gold, on the other hand, eased as equities gained. 

(With inputs from Reuters)

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