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Sensex rebounds 1,059 pts from day's low, ends 697 pts up; RIL leaps 2.5%

CLOSING BELL: Tech M, Tata Motors, BPCL, ITC, JSW Steel, PowerGrid, Bajaj Auto, Infosys, TCS, Bajaj Finserv, Bharti Airtel, Wipro and IndusInd Bank were the other gainers

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SI Reporter  | New Delhi 

EVENT HIGHLIGHTS

BSE Sensex
CLOSING BELL

After languishing in the red for better part of the day, domestic equity zoomed higher in the last hour of trade amid solid buying in Reliance Industries' stock, and IT and auto pack.

The frontline S&P bounced back 1,059 points from the day's low of 56,930 to settle at 57,989, up 697 points or 1.22 per cent. The index had touched an intra-day high of 58,053.

On the NSE, the Nifty50 closed at 17,315.5, up 198 points or 1.16 per cent. The ondex touched an intra-day low of 17,006 and a high of 17,334.

Reliance Industries was among the top gainers today, rising 2.5 per cent on the . The stock hit an over 2-month high of Rs 2,535 before settling at Rs 2,530. READ MORE

Tech M, Tata Motors, BPCL, ITC, JSW Steel, PowerGrid, Bajaj Auto, Infosys, TCS, Kotak Bank, Bajaj Finserv, Bharti Airtel, and IndusInd Bank were the other gainers, up in the range of 1 to 4 per cent.

On the downside, HUL, Nestle India, Britannia, and Cipla were the top laggards, slipping between 2 and 3 per cent.

In the broader market, the MidCap and SmallCap indices eked out minor gains of 0.2 per cent each.

Among individual stocks, the shares of One97 Communications, the parent company of digital payments major Paytm, continued to remain under pressure and hit a new low at Rs 541, down over 4 per cent on the in Tuesday's intra-day trade, on the back of heavy volume. In the past one month, the stock has tanked 32 per cent owing to persistent negative flow. READ MORE

On the slipside, the shares of Equitas Holdings (EHL) and its subsidiary Equitas Small Finance Bank (ESFBL) gained up to 10 per cent on the BSE in Tuesday’s intra-day trade after their respective boards approved the merger of the two. READ MORE

Moreover, the shares of New Delhi Television (NDTV) were locked in the upper circuit band for a second straight day, up 5 per cent at Rs 238.15, also its highest level since October 2008, on the BSE on Tuesday. In the past four trading days, the stock of the broadcasting & cable TV operator has zoomed 47 per cent. READ MORE

Sectorally, the Realty fell 1 per cent while the FMCG index dipped 0.7 per cent. The IT index rose 2 per cent and the Nifty Auto index added over 1 per cent.

Global markets
European stocks were mixed on Tuesday as investors continued to monitor the war in Ukraine and economic developments in the United States. The pan-European Stoxx 600 nudged 0.15 per cent higher in early trade, while Germany's DAX added 1.08 per cent, and France's CAC40 rose 0.8 per cent.

Meanwhile, futures linked to the three main Wall Street indices were up 0.3 per cent each.

Earlier in Asia, Japan's Nikkei climbed 1.5 per cent, South Korea's Kospi and Australia's ASX200 gained 0.9 per cent each, and Hong Kong's hang Seng soared over 3 per cent.

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