MUMBAI: The Sensex jumped 748 points on Tuesday due to strong buying by Reliance Industries and HDFC Bank shares amid positive signals from global markets. Market sentiment was also strengthened by the inflow of foreign funds.
The 30-share BSE Sensex gained 748.31 points or 2.03 percent to 37,687.91 points. Similarly, the National Stock Exchange’s Nifty closed at 11,095.25 points, a gain of 203.65 points or 1.87 percent. Among the Sensex companies, Reliance Industries shares rose by almost seven percent. HDFC Bank shares rose nearly four percent.
The Reserve Bank has approved the appointment of Sasidhar Jagadishan as Managing Director and Chief Executive Officer (CEO) of the bank for three years. The shares of Maruti, Axis Bank, HDFC, ICICI Bank and Bajaj Finance were also profitable. On the other hand, Tech Mahindra, IndusInd Bank, HCL Tech, Ultratech Cement and Infosys were the losers.
