Closing Bell: Sensex, Nifty end positive for second day in a row; auto, metal stocks major gainers

The Indian stock markets have closed on a positive note for the second session in a row. In the last hour, the surge in metal and auto stocks has helped the BSE Sensex in gaining nearly 400 points, while Nifty50 was above the 18250-level at the market close on Tuesday.

The BSE Sensex jumped 383.21 points or 0.63 per cent to 61350, while Nifty50 surged 132.2 points or 0.73 per cent to 18257.6 at the market close. Similarly, the broader markets outperformed the benchmarks with both mid and small-caps surged around 2 per cent at the market close on Tuesday.

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Nifty Bank recovered from the intraday losses amid a surge in the Kotak Mahindra Bank shares on the back of improved asset quality. The index surged 64 points or 0.15 per cent to 41.256 at the close.

As many as 39 scrips advanced while 11 declined at the market close. Tata Motors surged most by around 6 per cent at the close, followed by Tata Steel, SBI Life, Nestle India each surged over 3 per cent at the market close today.

Stocks such as Titan, Bajaj Finance, Tech Mahindra, Hindalco, UPL, Tata Consumer, JSW Steel, Kotak Bank and Reliance Industries each gained between 2-3 per cent at the market close.

On the other hand, private banks such as IndusInd Bank and ICICI Bank declined most by around 2 and 1.5 per cent respectively at the close, followed by Power Grid down over 1 per cent. Similarly, NTPC, Adani Ports, Axis Bank, TCS, and HUL slipped marginally at the market close today.

Almost all sectors ended in the green today at the close, except for Nifty Pvt Bank. Nifty Metal surged most by around 3 per cent followed by Auto, FMCG, financials, and IT indices. While Realty and media stocks along with PSU bank index lead the surge in broader markets.