The Sensex rose 672 points in early trade on Tuesday, aided by continued purchasing of banking stocks and a rebound in global markets. Foreign money inflows have also contributed to the momentum.

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In early trade, the Sensex gained 672.06 points to 59,813.29. The Nifty climbed 209.5 points to 17,831.75.

IndusInd Bank, Bajaj Finserv, Bajaj Finance, Axis Bank, ICICI Bank, Larsen & Toubro, and Tata Steel were among the biggest gainers in the 30-share Sensex pack.

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Delta Corps, Escorts, Indiabulls Housing Finance, India Cements, PVR and RBL Bank have been placed under the F&O ban for September 20.

“The Indian market continues to show resilience despite global challenges. Major indices like Nifty bank, auto, FMCG and cement are at record levels with only IT dragging the benchmarks,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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All the Asian markets are trading in green with Nikkei 225 rising 126.66 points or 0.46% to 27,694.31, Straits Times climbing 14.23 points or 0.44% to 3,270.54, Hang Seng jumped 248.11 points or 1.34% to 18,814.08, Taiwan Weighted advanced 63.34 points or 0.44% to 14,489.02, KOSPI rose 11.10 points or 0.47% to 2,366.76, Jakarta Composite added 1.81 points or 0.03% to 7,197.30 and Shanghai Composite was up by 14.27 points or 0.46% to 3,129.87.

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The US markets ended with gains on Monday. The S&P 500 rose 26.56 points, or 0.69%, to 3,899.89. The Dow Jones Industrial Average rose 197.26 points, or 0.64%, to 31,019.68. The Nasdaq composite rose 86.62 points, or 0.76%, to 11,535.02. The Russell 2000 index of smaller companies rose 14.65 points, or 0.81%, to 1,812.84.

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On Monday, the Sensex closed 300.44 points, or 0.51% higher, at 59,141.23. The Nifty rose 91.40 points, or 0.52%, to 17,622.25.

Foreign institutional investors (FIIs) have bought shares worth a net Rs 312.31 crore, whereas domestic institutional investors (DIIs) sold shares worth a net Rs 94.68 crore on September 19, as per provisional data available on the NSE.

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Meanwhile, Brent crude, the international oil standard, rose 0.21% to USD 92.19 per barrel. In early trade on Tuesday, the rupee rose 16 paise to 79.65 against the US dollar, tracking a strong trend in domestic equities.