India’s Sensex surges 477 points

MUMBAI: The Indian equities markets benchmark indices climbed nearly one per cent on Tuesday on the back of strong buying support in IT, pharma, power and auto stocks.

Asian Paints and Sun Pharma surged nearly 3 per cent. There was strong buying support in IT stocks. Tech Mahindra, HCL Technologies and Infosys surged more than one per cent.

The 30 stock S&P Sensex of the Bombay Stock Exchange ended the day at 57,897.48 points, 0.83 per cent or 477.24 points higher from its previous day’s close at 57,420.24 points.

Earlier the Sensex opened in the positive at 57,751.21 points and climbed to a high of 57,952.48 points and low of 57,650.29 points in the intra-day.

The broader Nifty 50 of the

National Stock Exchange closed 0.86 per cent or 147 points higher at 17,233.25 points. The Nifty 50 started the day sharply higher at 17,177.60 points and surged to a high of 17,250.25 points in the intra-day.

There was across-the-board buying support. Only two of the 30 scrips that are part of the Sensex closed in the red. IT stocks closed with decent gains.