Sensex ends 834 points up, rally led by finance and metal stocks

New Delhi: Snapping losses of 2 previous session, the equity benchmark indices on Tuesday saw major upswing and witnessed buying across almost all sectors.

The 30-scrip index Sensex ended 834 points higher at 49,398 while the Nifty rose 240 points to settle at 14,521.

At the closing bell, the BSE S&P Sensex was up by 834 points or 1.72 per cent at 49,398 while the Nifty 50 surged by 240 points or 1.65 per cent to 14,521.

In the intra-day trading, Sensex had gained 936 points.

Bajaj Finserv, Bajaj Finance, Sun Pharma and HDFC Bank were among the top gainers that rose between 3 to 6 per cent on Tuesday.

Tata Motors jumped over 5 percent after brokerage house CLSA maintained a positive stance on the stock while Indiabulls Real Estate surged over 11% after company posted robust earnings for the December quarter.

All sectoral indices at the National Stock Exchange were in the positive terrain with Nifty realty jumping by 4.2 per cent, PSU bank by 2.7 per cent, financial service by 2.4 per cent and auto by 1.7 per cent.

Foreign and domestic investors were upbeat as the incoming US administration pushed for a big stimulus, which will pump a massive amount of money into the market.

Earlier, Japan’s Nikkei bounced 1.39 per cent while Hong Kong’s Hang Seng advanced 2.7 per cent to a 20-month high. South Korea’s Kospi moved up by 2.61 per cent.