Sensex Rallies Over 400 Points As Inflation Eases Below RBI's Tolerance Level

Stock Market India: Equity benchmarks rallied on Tuesday after data showed inflation cooled to an 11-month low.

Indian equity benchmarks rallied on Tuesday, snapping a two-day losing streak after data showed inflation cooled to an 11-month low and below the upper end of the Reserve Bank of India's tolerance level, driving bets for more support for economic growth from the central bank.

The BSE Sensex index rose 402.73 points to close at 62,533.30, and the broader NSE Nifty index climbed 110.85 points, or 0.6 per cent, to end at 18,608.

The winners from the Sensex pack included IndusInd Bank, Bajaj Finance, Infosys, Tata Consultancy Services, HCL Technologies, Mahindra & Mahindra, Tech Mahindra, and Bajaj Finserv.

However, among the notable laggards were Nestle India, Tata Steel, Maruti, and Titan.