Sensex rises 557 points, Nifty closes above 14,650
Sensex
Domestic stock market indices ended a per cent higher on Tuesday led by gains in metals, financials, realty stocks even amid mixed global cues.
Sensex opened in the green and gained further momentum during the session. It finally finished at 48,944.14, up 557.63 points or 1.15 per cent.
Similarly, the broader NSE Nifty surged 168.05 points or 1.16 per cent to end at 14,653.05.
Among stocks, Hindalco moved up by 5 per cent to Rs 366 per share while Tata Steel rose by 4.36 per cent. Index heavyweight Reliance Industries lifted by 2.6 per cent to Rs 1,988.80 per share.
Larsen & Toubro rose by 3.6 per cent, Bajaj Finance by 3.1 per cent, State Bank of India by 2.8 per cent, IndusInd Bank by 2.7 per cent, Adani Ports by 2.4 per cent and Tata Motors by 2.2 per cent.
However, Maruti Suzuki slipped by 1.3 per cent to close at Rs 6,552 per share after reporting an 11 per cent fall in its Q4 net profit at Rs 1,166 crore despite a 32 per cent jump in revenue from operations.
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The others which lost were HDFC Life, SBI Life, Kotak Mahindra Bank, Nestle India and Dr Reddy's.
Meanwhile, Asian shares fell as caution ahead of a US Federal Reserve meeting and a slew of corporate earnings offset growing optimism about the global economic recovery from Covid-19 blow.
Stocks in Tokyo edged 0.46 per cent lower as earnings fall short of investor expectations.
South Korea`s Kospi fell by 0.07 per cent on foreign outflows. Analysts said some investors may be taking profits on equities but the sentiment remains positive due to rising coronavirus vaccination rates in many countries.
(With inputs from agencies)