Following signs of de-escalating tensions between Russia and Ukraine, Indian equities indices staged a robust return on Tuesday, led by buying across all sectors. According to the Russian ministry, some troops in Russia's military districts bordering Ukraine are returning to their bases after completing drills.
The benchmark BSE Sensex rose 1,736 points, or 3.08 percent, to close at 58,142, while the broader NSE Nifty rose 510 points, or 3.03 percent, to 17,352. On Monday, both domestic indices fell 3%, marking the steepest drop in ten months. Mid- and small-cap stocks ended the day higher, with the Nifty Midcap 100 index up 2.86 percent and small-cap stocks up 2.51 percent.
The National Stock Exchange's 15 sector indices all ended the day in the green. Nifty IT and Nifty Private Bank both beat the index, rising 4.01 percent and 3.99 percent, respectively, to outperform the index.
The highest Nifty gainer was Tata Motors, which rose 6.69 percent to 503. Among the gainers were Bajaj Finance, Eicher Motors, Shree Cement, and Hero MotoCorp.Bajaj Finance, SBI, Bajaj Finserv, L&T, Titan, Wipro, and Asian Paints saw the highest increases on the 30-share BSE platform, with their shares increasing as much as 5.13 percent.
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