Stock Market Rally: Sensex surges 2,000 points, Nifty up 500

The BSE Sensex surged over 2,000 points on Tuesday afternoon as rally continued in the Indian stock markets.

The gains on the Indian stock markets were in line with the Asian indices which rose on signs that the rate of coronavirus-related deaths globally is dropping.

At 1.47 p.m., it was trading at 29,601.33, higher by 2,010.38 or 7.29 per cent from the previous close of 27,590.95

It had opened at 28,898.36 and has so far touched an intra-day high of 29,607.88 and a low of 28,602.31.

The Nifty50 on the National Stock Exchange was trading at 8,640.65, higher by 556.85 or 6.89 per cent from its previous close.

The gains across the sectors were led by healthy buying in banking, healthcare and energy stocks.

Among the Sensex stocks, IndusInd Bank, Axis Bank and ICICI Bank were the major gainers while Bajaj Finance was the only loser so far.

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