Indian equity benchmark BSE Sensex surged more than 379
points on Tuesday as gains in oil & gas, banking, and
auto shares helped the indices continue a winning run for the third straight

The Sensex jumped 379.43 points or 0.64% to settle at
59,842.21. During the day, it jumped 460.25 points, or 0.77% to 59,923.03. The
Nifty climbed 127.10 points or 0.72% to 17,825.25.

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Easing inflation concerns after the wholesale price-based
inflation eased to a five-month low of 13.93% in July and buying in index
heavyweights Reliance Industries and HDFC twins added the momentum.

“The easing of inflationary pressures has encouraged
domestic investors to remain optimistic about the pace of economic recovery.
Better-than-expected CPI numbers, aided by a slower increase in food and fuel
prices, may limit the pace of rate hikes by the RBI,” said Vinod Nair,
Head of Research at Geojit Financial Services.

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The broader indices ended in green with the BSE Midcap
index up by 1.03% and the Small cap index up by 1.03%. The top gaining sectoral
indices on the BSE were Auto up by 2.57%, Realty up by 2.03%, Oil & Gas up
by 1.76%, Consumer Disc up by 1.58%, and Power up by 1.48%, while Telecom down
by 0.19%, Metal down by 0.17% and TECK down by 0.01% were the only losing
indices on BSE.

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Top gainers from the Sensex pack were M&M up by 2.28%,
Maruti Suzuki up by 2.19%, Asian Paints up by 2.19%, Hindustan Unilever up by
1.90%, UltraTech Cement up by 1.29%, HDFC Bank up by 1.16%, HDFC up by 1.12%,
Tech Mahindra up by 1.09% and Bajaj Finserv up by 0.91%.

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Among the laggards were SBI down by 0.90%, Bharti Airtel
down by 0.85%, Bajaj Finance down by 0.26%, TCS down by 0.20%, and NTPC down by

In Asian markets, Seoul and Shanghai settled higher, while
Tokyo and Hong Kong ended lower.

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European markets were trading higher in the afternoon
session. US stock markets had ended higher on Monday.

Indian stock markets were closed on Monday on account of
Independence Day.

Brent crude, the international oil benchmark fell 0.86% to
$94.28 per barrel.

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According to stock exchange data, foreign institutional
investors (FIIs) were net buyers in the Indian capital market as they purchased
shares worth Rs 3,040.46 crore on Friday.