Bulls Steer Street: Sensex Rallies, Investor Wealth Jumps, Bajaj Twins Shine

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Bulls Steer Street: Sensex Rallies, Investor Wealth Jumps, Bajaj Twins Shine
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The domestic market roared on Tuesday, led by broad-based gains, a day after posting treacherous falls, in sync with strong global cues, as investors utilized the previous session’s falls to enter the market and buy the dips.

Benchmark equity indices jumped almost 3% in the session, with the Nifty50 ending over 17,750 points, surging 2.6% and the 30-scrip Sensex rallying 2.7% or 1,564.45 points. The indices made a higher opening on Tuesday and sustained the momentum, led majorly by banking and financial stocks.

All sectoral indices under the Nifty umbrella ended the session with good gains, led by Nifty Financial Services , while Nifty Bank jumped 3.36%.

Investors on Dalal Street added Rs 5.73 lakh crore to their wealth on Tuesday as the market capitalization of all listed companies on BSE jumped to Rs 280.35 lakh crore.

All the stocks under Nifty 50 and Sensex ended the session in the green, with the Bajaj twins - Bajaj Finance (NS: BJFN ) and Bajaj Finserv (NS: BJFS ) surging up to 5.5%.

“Today's rebound indicates the domestic economy's resilience in comparison to its global peers. Although the markets are currently at premium valuations, continued support from foreign investors aided domestic stocks to inch higher,” stated Vinod Nair of Geojit Financial Services.

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