Mumbai: Benchmark Sensex climbed 328 points while Nifty closed above the 22,200 level on Tuesday as stock markets continued the winning march for the third straight day on the back of gains in index major Reliance Industries and positive inflation data.
Rising for the third day, BSE Sensex rose by 328.48 points, or 0.45 per cent, to settle at 73,104.61. The 30-share index rallied 510.13 points, or 0.70 per cent, to touch a high of 73,286.26 in day trade.
The broader Nifty of NSE rose by 113.80 points, or 0.51 per cent, to settle at 22,217.85.
Gains were led by metal and auto shares while FMCG and pharma shares declined due to profit taking, analysts said.
From the Sensex basket, Mahindra & Mahindra, Larsen & Toubro, JSW Steel, NTPC, IndusInd Bank, Sun Pharma, UltraTech Cement, State Bank of India, Reliance Industries, and Maruti were the major gainers. Nestle, Tata Consultancy Services, Axis Bank, ICICI Bank, Bajaj Finance, ITC, and Asian Paints were among the laggards.
In the broader market, the BSE smallcap gauge climbed 1.79 per cent and midcap index advanced 1.14 per cent.
Among the indices, utilities soared 2.80 per cent, power (2.51 per cent), industrials (2.40 per cent), telecommunication (2.27 per cent), capital goods (2.11 per cent), commodities (1.87 per cent), services (1.78 per cent), energy (1.52 per cent) and realty (1.03 per cent).