Millennium Post

Sensex up 361 pts to one-week high

Stock markets on Tuesday rose for the second straight session with the Sensex climbing over 361 points to close at nearly one-week high of 25,880.77 and the Nifty reclaiming the 7,700-mark after bluechips led by Tata Motors posted healthy earnings.

After opening on a strong note on sustained buying amid positive global, the 30-share Sensex climbed to 25,904.98 before closing with a gain of 361.53 points, or 1.42 per cent, at 25,880.77 — its highest closing since 5 August, 2014.

The gauge has now gained over 490 points in two sessions.

‘Some of the stocks like Tata Motors, Apollo Hospitals and Oil India gained after posting healthy numbers. Power and pharma stocks were also in limelight. Easing of crude oil prices too boosted market sentiment,’ said Rakesh Goyal, Senior Vice President, Bonanza Portfolio.

The 50-share Nifty of National Stock Exchange regained the 7,700-mark after a gap of one week to touch the day's high of 7,735.75 before settling 101.10 points, or 1.33 per cent higher at 7,727.05.

Shares of Tata Motors soared 5.92 per cent after the auto major reported over 3-fold jump in consolidated net profit.
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