Markets End With Healthy Gains, Sensex Closes Above 39,400
Sensex gained 270.90 points to close at 39,393.86, while Nifty finished at 11,777.85, up 78.20 points.
Equity benchmark indices Sensex and Nifty overcame a tepid opening to close with heavy gains on Tuesday, 25 June.
The 30-share BSE index gained 270.90 points to close at 39,393.86, while the broader 50-share NSE Nifty finished at 11,777.85, up 78.20 points.
All the sectoral indices finished in the green with Nifty Metal and Nifty PSU Bank gaining the most at 1.75 percent and 1.20 percent, respectively.
Reliance, Axis Bank and Tata Steel scrips were among the top gainers, while Hindustan Lever, Tech Mahindra and Larsen & Toubro losing the most.
Earlier, the markets opened with losses as Sensex dipped 150 points in early trade on weak cues in the Asian bourses.
According to Hemang Jani, Head - Advisory, Sharekhan by BNP Paribas, multiple factors such as slowing economic growth, rising crude oil prices due to US- Iran skirmish and delay in monsoons are keeping domestic investor sentiment tepid.
"Also, the upcoming union budget remains the key near term event in the market and the government efforts to revive the economy will be watched closely by market participants," he added.
Meanwhile, on a net basis, foreign institutional investors bought equities worth Rs 207.33 crore, and domestic institutional investors purchased shares to the tune of Rs 984.43 crore, provisional data available with stock exchanges showed Monday.
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