Closing Bell: Sensex jumps 367 points, Nifty closes at 17,278 points

Breaking its six-day losing streak, equity benchmark Sensex rallied 367 points and closed over half a percent higher on Tuesday, followed by strong gains in Maruti, Axis Bank, SBI, and a supportive trend in European equities.

The 30-scrip BSE Sensex surged 366.64 points or 0.64% to close at 57,858.15. Similarly, the NSE Nifty rose 128.85 points or 0.75% to close at 17,277.95.

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Except IT, all other sectoral indices ended in the green with PSU bank, auto, power, and the bank grew 2-4%. BSE midcap and small indices gained 0.8-1%.

The top Sensex gainer was Maruti Suzuki gaining 6.88%, followed by Axis Bank (6.76%), SBI (4.20), IndusInd Bank (3.87%), Bharti Airtel (3.23%), and NTPC (2%).

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On the other hand, Wipro (-1.75%), Bajaj Finserv (-1.16%), Titan Company (-0.98%), Tech Mahindra (0.83%) and Infosys (-0.85%) were among the laggards.

The top 5 gainers on Nifty 50 were Maruti Suzuki, Axis Bank, SBI, IndusInd Bank, and UPL. Leading the losses were Wipro, Titan, Bajaj Finserv, UltraCement, and Tech Mahindra.

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Among Asian market peers Hong Kong, Shanghai, Tokyo, and Seoul ended sharply lower.

European Stock exchanges were trading with significant gains in mid-session deals.

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International oil benchmark Brent crude rose 0.89% to USD 87.04 per barrel.

According to stock exchange data, Foreign institutional investors (FIIs) remained net sellers in the capital market as they sold shares worth Rs 3,751.58 crore on Monday.