Sensex Advances 558 Points, Nifty Ends Above 14,650 Led By Reliance Industries, L&T

Buying was visible across the board as all the 11 sector gauges compiled by the NSE ended higher led by the Nifty Metal index's over 2.5% gain.

The Indian equity benchmarks gained for second straight session on Tuesday led by gains Reliance Industries, HDFC Bank, ICICI Bank, Larsen & Toubro and Bajaj Finance. The Sensex rose as much as 623 points to hit an intraday high of 49,009 and Nifty 50 index moved above its important psychological level of 14,650. The markets gained even as new cases of COVID-19 in the country held above 300,000 for a sixth consecutive day. The Sensex rose 558 points to close at 48,944 and Nifty 50 index advanced 168 points to settle at 14,653. Cases in Mumbai have dipped since Maharashtra entered lockdown earlier this month. Other states such as New Delhi and Karnataka have also imposed lockdowns to curb the spread of the virus. Buying was visible across the board as all the 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Metal index's over 2.5 per cent gain. Nifty Bank, Private Bank, PSU Bank, Media and Financial Services indices also rose between 1-2.2 per cent.