Sensex zooms 934 pts, reclaims 52,500; Nifty tops 15,600; all sectors rally

CLOSING BELL

Stock market highlights: Global equities climbed for a second consecutive day on Tuesday, taking solace in US Treasury Secretary Janet Yellen's comments that a recession in the United States is not "inevitable". That said, bond yields and oil prices continued to rally even today.

The S&P BSE Sensex zoomed 1,200 points intra-day to hit a high of 52,799. The index, however, settled 934 points, or 1.81 per cent, higher at 52,532. On the NSE, the Nifty50 closed at 15,639, up 289 points or 1.88 per cent, after hitting a high of 15,707 in the intra-day.

Beaten down PSB, Metal, and Energy (Oil and Gas) indices rose the most in today's trade as investors indulged in bargain buying. Related indices advanced between 4 per cent and 4.5 per cent. Other sectoral indices, too, added up to 2 per cent.

Among individual stocks, Titan Company, Hindalco, JSW Steel, Coal India, Adani Ports, Tata Motors, SBI, ONGC, TCS, Eicher Motors, Dr Reddy's Labs, Tata Steel, HCL Tech, Infosys, and Wipro gained in the range of 2.5 per cent to 6 per cent. Only Nestle India and Apollo Hospitals declined up to 0.1 per cent on the Nifty50 index.

In the broader market, the BSE MidCap index added 2.4 per cent, while the BSE SmallCap index edged 3 per cent higher.