(ANI): After Monday's slump the Indian stock market's key indices rose sharply on Tuesday led by strong buying support in financial, auto and IT stocks amid mixed global cues.
The 30 stock S&P BSE Sensex was trading 915.28 points or 1.58 per cent higher at 58,887.90 points at 12.24 pm, against its previous day's close at 57,972.62 points.
The Sensex started the day sharply higher at 58,259.85 points. Buying interests intensified in the afternoon session.
The stock markets have rallied after a sharp drop on Monday. The Sensex had lost 861.25 points or 1.46 per cent on Monday after the US Federal Reserve signalled aggressive rate hikes. However, the markets have recouped Monday's losses.
The broader Nifty 50 of the National Stock Exchange was trading 281.25 points or 1.62 per cent higher at 17,594.15 points.
The Nifty had lost 246 points or 1.4 per cent on Monday.
Bajaj twins led the rally. Bajaj Finserv surged 4.13 per cent to ₹16751.90. Bajaj Finance soared 3.15 per cent to ₹7185. IndusInd Bank soared 3.15 per cent to ₹1093.90.
Maruti Suzuki jumped 3.09 per cent to ₹9105.25. State Bank of India surged 2.74 per cent to ₹528.80.
The index heavyweight Reliance Industries Limited was trading 1.35 per cent higher at ₹2631.90.
Buying interest was across the board. Only one of the 30 scrips that are part of the benchmark Sensex was trading in the red. Dr Reddy's Laboratories was trading 0.01 per cent down at ₹4208.