The key benchmark indices extended the so-called Santa rally on Tuesday, as positive global cues, coupled with reports of China further relaxing its pandemic-related restrictions boosted sentiment.
After an initial bout of volatility, wherein the S&P BSE Sensex dipped to a low of 60,406 in early deals, the benchmark firmed up and rallied to a high of 60,987 – up 581 points from the day’s low. The Sensex finally ended 361 points higher at 60,927. In the process, the BSE benchmark has now gained 1,082 points in the last two trading sessions.
The NSE Nifty 50 index surged 117 points to settle at 18,132.
Among the Sensex 30 shares, Tata Steel soared over 6 per cent. Tata Motors, Asian Paints, Wipro, Larsen & Toubro, Bajaj Finance, ICICI Bank and Infosys were the other prominent gainers. On the other hand, select index heavyweights – Hindustan Unilever, ITC and HDFC twins underperformed in today’s trading session.
On the contrary, the broader outperformed yet again. The BSE Midcap jumped 0.7 per cent, while the Smallcap index soared 1.5 per cent. The overall breadth was fairly positive, with over 2,500 shares advancing as against 920 declining stocks on the BSE.
Sectorally, the BSE Metal index soared over 4.5 per cent. The Commodities, Telecom, Oil & Gas and Power indices were the other significant movers, up over a per cent each.
In the broader market, HEG soared nearly 8 per cent after the company announced incorporation of wholly-owned subsidiary TACC, which would manufacture graphite anode for Lithium-ion cells.
READ MORE Time Technoplast zoomed 19 per cent in intra-day deals, after the company said it won a repeat order worth Rs 75 crore from Adani Total Gas for supply of CNG cascades made from Type-IV composite.
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Radiant Cash Management Services IPO was subscribed only 45 per cent as of 15:45 PM on the final day of the offer period.
 "Global markets, metals lift Sensex 361 pts higher; Nifty ends atop 18,100")
