Markets rally for 3rd day propelled by buying in blue-chip stocks, firm global peers

Mumbai: Benchmark indices Sensex and Nifty rallied for the third straight session on Tuesday amid buying in blue-chip stocks like HDFC Bank, Reliance Industries and firm trends in global markets.

The BSE benchmark Sensex jumped 597.67 points or 0.74 per cent to settle at 80,845.75. During the day, it surged 701.02 points or 0.87 per cent to 80,949.10.

The NSE Nifty went up by 181.10 points or 0.75 per cent to 24,457.15.

From the 30-share Sensex pack, Adani Ports surged nearly 6 per cent. NTPC, Axis Bank, State Bank of India, Larsen & Toubro, UltraTech Cement, Tata Motors, HDFC Bank and Reliance Industries were the other big gainers.

Bharti Airtel, ITC, Sun Pharma, Asian Paints and Kotak Mahindra Bank were the laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled higher. European markets were trading in the green.

US markets ended mostly in the positive territory on Monday.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 238.28 crore on Monday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 3,588.66 crore, according to exchange data.

Global oil benchmark Brent crude climbed 1.13 per cent to USD 72.64 a barrel.

Recovering the early lost ground, the BSE benchmark Sensex climbed 445.29 points or 0.56 per cent to settle at 80,248.08 on Monday. The Nifty surged 144.95 points or 0.60 per cent to 24,276.05.