Indian equity benchmarks ended higher for the second
straight session on Tuesday, with the Nifty gaining over 1%, on the back of
across-the-board buying and recovery in the US and Asian markets. Foreign fund
inflows also added to the momentum.

The Sensex rallied 578.51 points or 0.98% to close at
59,719.74. During the day, it climbed 964.56 points or 1.63% to 60,105.79. The
Nifty jumped 194 points or 1.10% to settle at 17,816.25. In intra-day trade, it
surged 297.05 points or 1.68% to 17,919.30.

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The broader indices ended green with the BSE Midcap index
up by 1.65% and the Small cap index up by 1.01%. The top gaining sectoral
indices on the BSE were Healthcare up by 2.81%, Consumer Durables up by 2.17%,
Auto up by 1.59%, Realty up by 1.53%, and Metal up by 1.34%, while there were
no losing sectoral indices on the BSE.

Top gainers from the Sensex pack were Sun Pharma up by
4.71%, IndusInd Bank 3.12%, Dr Reddys Labs 2.88%, Tata Steel 2.62%, Titan
Company 2.39%, Bajaj Finserv 2.08%, ICICI Bank 2.04%, Asian Paints 1.95%, Bajaj
Finance 1.84% and HCL Tech 1.80%.

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Among the losers were Nestle down by 0.64%, ITC down 0.22%,
Infosys down 0.21%, Power Grid down 0.15%, and Reliance Industries down 0.11%.

The rupee traded in a narrow range and settled 7 paise
higher at 79.74 against the US dollar, as investors await the US Fed’s policy
statement for further cues.

Asian markets settled mostly higher with the Shanghai
Composite up by 1.36%, the Kospi Composite up by 0.26%, and the Nikkei 225 up
by 0.02%.

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European stock markets were trading in the negative
territory in afternoon deals. The US equity markets ended with gains on Monday.

Brent crude, the international oil benchmark climbed 0.49%
to USD 92.45 per barrel.

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According to stock exchange data, foreign institutional
investors (FIIs) turned buyers as they bought shares worth a net Rs 312.31
crore on Monday.