Sensex rises for 2nd day on gains in IT, auto shares, reclaims 50,000-level

Benchmark BSE Sensex spurted by 447 points to close above the psychological 50,000-mark on Tuesday following hectic buying in auto and IT counters amid positive domestic and global cues.

Benchmark BSE Sensex spurted by 447 points to close above the psychological 50,000-mark on Tuesday following hectic buying in auto and IT counters amid positive domestic and global cues. The 30-share index swung nearly 633 points during the session before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent. Likewise, the NSE Nifty climbed 157.55 points or 1.07 per cent to settle at 14,919.10, extending gains to a second day.