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Sensex jumps nearly 500 points as foreign flows help extend gains

Biggest single-day gain for benchmark indices since Jan 31; FPIs continue to pour in big money

bse, sensex, bombay stock exchange
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The HDFC Bank counter witnessed volumes of Rs 21 billion in the cash segment

Sundar Sethuraman Mumbai
Supportive global markets and election optimism saw the domestic benchmark indices gain over a per cent for the second day in a row on Tuesday. Overseas investors continued to pour big money into domestic equities, while opinion polls showing Prime Minister Narendra Modi-led National Democratic Alliance (NDA) retaining power further boosted investor sentiment.

The Sensex rose 482 points, or 1.3 per cent, to 37,535.66, while the NSE Nifty 50 index rose 133 points, or 1.2 per cent, to end the day at 11,301. It was the biggest single-day gain for the benchmark indices since January 31. Also, it was the first