Global cues strong, Sensex up 1,131 pts to reclaim 75K mark

Backed by widespread buying amid a bullish trend in global equities, the BSE benchmark index Sensex climbed 1,131 points to revisit the 75,000 level while the NSE Nifty surged 1.45 per cent on Tuesday.

The 30-share BSE Sensex, while extending its Monday’s rally, soared 1,131.31 points or 1.53 per cent to settle at 75,301.26. It jumped 1,215.81 points or 1.63 per cent to 75,385.76 while the NSE Nifty rose 325.55 points or 1.45 per cent to 22,834.30 during the day.

With Zomato topping the chart from the Sensex pack by soaring over 7 per cent, the other gainers included ICICI Bank, Mahindra & Mahindra, Tata Motors, Larsen & Toubro, Asian Paints, Titan, Kotak Mahindra Bank and State Bank of India while the losers were Bajaj Finserv, Bharti Airtel, Tech Mahindra and Reliance Industries.

Vinod Nair, Head of Research, Geojit Financial Services, said improved retail sales data from the US and China boosted investor confidence while mid and small-cap stocks outperformed, with all major sectors registering gains.