Sensex soars 600 points to 61,000 mark, powered by banking RIL, ITC & IT stocks

Mumbai: The BSE benchmark Sensex surged 600 points on Tuesday, propelled by market heavyweight RIL, ITC, banking and IT shares amid positive global cues.

Sliding crude oil prices in the international markets and buying by foreign investors also bolstered sentiment, traders said.

The 30-share BSE Sensex ended 600.42 points or 0.99 per cent higher at 61,032.26. During the session, the index witnessed a high of 61,102.74 and a low of 60,550.25.

The broader NSE Nifty surged 158.95 points or 0.89 per cent to finish at 17,929.85.

ITC topped the Sensex gainers’ chart with a jump of 3.31 per cent, followed by Reliance Industries, Bajaj Finance, ICICI Bank, Infosys, Axis Bank and Wipro.

On the other hand, NTPC, UltraTech Cement, L&T, Sun Pharma, Asian Paints and Maruti were among the major laggards, shedding as much as 1.10 per cent.

International oil benchmark Brent crude was trading 0.67 per cent lower at $86.03 per barrel.

The rupee fell by 7 paise to close at 82.77 against the US currency on Tuesday, as market participants remained on the sidelines ahead of the US inflation data.

Foreign Institutional Investors (FIIs) remained net buyers in the capital market on Monday as they purchased shares worth Rs 1,322.39 crore, according to exchange data.