CLOSING BELL: Benchmark indices clocked their biggest intra-day gain since May 20 as broad-based buying emerged across sectors

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<b>CLOSING BELL<br />
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Stock market highlights:&nbsp;</b>Benchmark indices clocked their biggest intra-day gain since May 20 as broad-based buying emerged across sectors. The S&P BSE Sensex clocked a one-way rally of 1,564 points, or 2.7 per cent, to end at 59,537. The Nifty50, too, surged 446 points, or 2.58 per cent, to close at 17,759.<br />
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	All the 50 constituents of the Nifty50 index settled higher with Bajaj twins, IndusInd Bank, ICICI Bank, Tech M, Tata Motors, Kotak Bank, HDFC, HUL, Tata Steel, Axis Bank, HDFC Bank, and SBI jumping between 3 per cent and 5.4 per cent.</div>
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	According to Devang Mehta, Head &ndash; Equity Advisory at Centrum Wealth, Indian markets bounced back with renewed vigor after a sharp fall on Monday, led by the inflation and interest rate rhetoric from the US.&nbsp;</div>
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	&quot;Though India can&#39;t decouple from the rest of developed and emerging markets, there is a strong expectation of relative outperformance on the back of improved macros, robust trend in most of the high frequency indicators, progress and coverage of monsoon, lower commodity prices, improvement in credit growth, expectation of big festive demand after a long Covid induced slowdown, capex roadmap by public and private sector, and improvement in corporate profitability,&quot; he said.</div>
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	While the broader markets underperformed the frontline indices, they managed to end over 1 per cent higher each. The BSE MidCap index added about 2 per cent, while the BSE SmallCap index gained 1.3 per cent.</div>
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	Sectorally, it was a sea a green on the bourses led by the Nifty Financial Services index (up 3.5 per cent), the Nifty Realty index (3.4 per cent), the Nifty Bank index (3.3 per cent), and the Nifty IT and Auto indices (2.6 per cent each).</div>

Sensex adds 1564pts, Nifty tops 17750 in broad-based rally; financials lead

Business Standard

Sensex adds 1564pts, Nifty tops 17750 in broad-based rally; financials lead | News on Markets - Business Standard

PRE-OPEN | Nifty likely to start 100 pts up

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PRE-OPEN | Sensex adds over 250 points in pre-open deals

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CURRENCY ALERT | Rupee opens 4 paise stronger at 79.92/$

Stocks to watch: RIL, L&T Tech, ICICI Bank, Axis Bank, Lupin, Ashok Leyland

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	Stocks to watch today: ICICI Bank, Axis Bank, and IDFC First Bank have increased interest rates on deposits worth Rs 2 crore &amp; above; BPCL plans to scale up renewable energy portfolio to 10 GW by 2040. <a href="https://www.business-standard.com/article/markets/stocks-to-watch-ril-l-t-tech-icici-bank-axis-bank-lupin-ashok-leyland-122083000116_1.html" target="_blank"><strong>Read more</strong><br />
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TECH CALLS | RVNL, Praj Ind: Two stocks that Mehul Kothari of Anand Rathi is bullish on

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	The stock of RVNL has confirmed a range breakout above Rs 32.50-mark. he stock has potential to test Rs 35-mark in the coming sessions. <a href="https://www.business-standard.com/article/markets/rvnl-praj-ind-two-stocks-that-mehul-kothari-of-anand-rathi-is-bullish-on-122083000119_1.html" target="_blank"><strong>Read here</strong><br />
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ALERT | Nazara Tech incorporates wholly-owned arm WildWorks Holdco

ALERT | Coforge opens new center for Metaverse & Web3 revolution

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Brent Crude prices hover around $104 a barrel

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DIIs buy equities worth Rs 144 crore on Monday

FIIs sell equities worth Rs 561 crore on Monday

SGX Nifty hints positive start to trade, up 135 odd-points

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Asia-Pacific markets mixed in early trade: Hang Sang slips 1%

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US markets edge lower on Monday: Dow Jones down 150pts

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