A maturing market amid the mayhem
Sensex rises over 450 points, DLF jumps
The stock market took cues from strong global markets and upbeat economic data from some regions.
ICICI Bank rose over 7 percent, Reliance Industries gained 3.6 percent while HDFC ended 7.2 percent higher.
HDFC Bank announced its quarterly numbers on Tuesday and was the only stock in the benchmark to close in the red.
All sectors ended with smart gains with the realty index leading the pack with a 9.3 percent rise. DLF, the top Sensex gainer on Tuesday, was up over 11 percent. Unitech rose 8.6 percent.
Among other sectors, metal and consumer durables indices rose over 5 percent each.
Prominent among mid-caps were SREI Infra (up 20 percent) and 3i Infotech (up 11.4 percent).
Do you think the gains from Tuesday’s rally are sustainable and we can recover further?