Indian stock markets witnessed a significant surge today, with the BSE Sensex gaining 925 points to reach 75,094 and the Nifty climbing 274 points to 22,782 when reports last came in.
After scaling the intra-day high of 75,385.76, the 30-share Sensex settled at 75,301.26, up 1131.31 points or 1.53 per cent from its previous close.
Similarly, the NSE Nifty50 ended at 22,834, up 325.55 points or 1.45 per cent. The index traded in the range of 22,845.95 to 22,599.20 on Tuesday.
Bulls dominated Dalal Street as all constituent stocks of the Nifty50, barring Bajaj Finserv, Tech Mahindra, and Bharti Airtel, ended in the green, with gains extending up to 3.35 per cent on Tuesday. ICICI Bank, Larsen & Toubro, Shriram Finance, Mahindra & Mahindra, and Tata Motors contributed to the top gains on the Nifty50 index.
Broader indices mirrored the benchmarks, with smallcap shares leading the charge as the Nifty Smallcap100 index ended higher by 2.71 per cent. The Nifty Midcapcap100 index settled higher by 2.10 per cent.
All the sectoral indices on the NSE settled in the positive territory with the gains extending up to 3.62 per cent. Among them, Nifty Realty and Media indices ended higher by over 3 per cent each. This was followed by Nifty Auto, PSU Bank, Metal, and Consumer Durables, which settled over 2 per cent each. Banking shares also joined the party, with Nifty Bank, Nifty PSU Bank, and Nifty Private Bank indices settling higher by 1.99 per cent, 2.29 per cent, and 1.91 per cent, respectively.