Equity benchmark BSE Sensex surged over 350 points on
Tuesday following buying in index heavyweights HDFC twins, Bharti Airtel and
Infosys amid a largely positive trend in global equity markets.

The 30-share BSE Sensex climbed 350.16 points or 0.61% to
close at 57,953.65. Similarly, the broader NSE Nifty gained 103.30 points or
0.60% to close at 17,325.30.

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Among the sectors, except oil & gas, all other
indices settled with gains including pharma and realty indices up 1% each and
the capital goods index added 0.65%. BSE midcap and smallcap indices added 0.6%
each.

Top gainers from the Sensex pack were HDFC up by 3.06%,
Bharti Airtel up by 2.89%, Ultratech Cement up by 2.70%, Sun Pharma up by
1.62%, HDFC Bank up by 1.40%, Dr Reddy’s Labs up by 1.09% and Hindustan
Unilever up by 0.74%.

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Among the laggards were ITC down by 0.99%, IndusInd Bank
down by 0.59%, Maruti Suzuki down by 0.52%, State Bank of India down by 0.49%
and Tata Steel down by 0.34%.

In the previous session, the BSE benchmark jumped 231.29
points or 0.40% to settle at 57,593.49. The NSE Nifty also recovered 69 points
or 0.40% to 17,222.

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The rupee appreciated by 19 paise to 75.97 against the US
dollar, extending its gaining streak for a fourth straight session.

Asian market bourses in Tokyo, Seoul and Hong Kong closed
with gains, while Shanghai settled slightly lower.

European markets were also trading higher ahead of peace
talks between Ukraine and Russia in Turkey.

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Brent crude, the international oil benchmark went up 0.52% to USD 113.1 per barrel.

According to stock exchange data, foreign institutional
investors (FIIs) remained net sellers in the capital market, as they offloaded
shares worth Rs 801.41 crore on Monday.