Indian markets ended the day up for the second session in a row on Tuesday.
The BSE Sensex was up 188.82 points (1.08 per cent) at 17,601. The NSE Nifty was up 54.15 points (1.03 per cent) at 5,336.
“Sensex rallied over one per cent for the second consecutive session on Tuesday as traders continued to add long positions ahead of monsoon parliament session. Finance Minister P. Chidambaram’s statements regarding plans to reduce fiscal deficit and address the tax concerns of overseas investors were among the main reasons for the rally. Sector-wise, the rally was led by banks, technology, FMCG and auto stocks,” said Sanjeev Zarbade, Vice President PCG Research, Kotak Securities.
IT, Auto, TECk, Realty and Banking indices ended the day up more than one per cent on the BSE. Only Consumer Durables and Healthcare indices were the losers.
Among the Sensex stocks, the top five gainers were Tata Motors, GAIL, TCS, Bajaj auto and ICICI Bank. The only five stocks to see a fall, albeit marginally, were Hero MotoCorp, Bharti Airtel, Sun Pharma, Reliance Industries and Dr Reddy's Lab.