The Sensex hit a 30-month high on Tuesday even as the rupee weakened further prompting the RBI to announce new measures to curb volatility.
While the Sensex closed at 20,302, up 143 points or 0.7 per cent, Nifty closed at 6,078, up 46 points or 0.7 per cent, mirroring positive cues from Asian bourses.
All sectoral indices closed in the green, with bank, realty and FMCG scrips leading the rally. Sectorally, the BSE consumer durable sector index gained the most and was up 3.85 per cent at 6,570.53 followed by BSE FMCG index, which rose 1.53 per cent to 7,548.43.
According to Alex Mathews, Head of Research at Geojit BNP Paribas Financial Services, “The rally was led by a combination of factors such as strong global cues from the US, Japan and China markets as well as local factors, including short covering owing to the approaching F&O expiry for July on Thursday…”
Volatility was down 5 per cent and the volatility index India Vix closed at 16.72. Bank of Baroda, Kotak Bank, IDFC, HUL and DLF were among the top performers on Nifty, while Asian Paints, Bharti Airtel, Ultratech Cement, Powergrid and Ambuja Cement were the top five losers.