Sensex ends 447 points up, Nifty settles above 14,900 – news 07 trends

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The BSE Sensex zoomed 447 factors to settle above the psychological 50,000-mark on Tuesday, buoyed by hectic looking for in auto, banking and IT counters amid constructive residence and world cues.

The 30-share index swung nearly 633 factors in the middle of the session, sooner than ending at 50,296.89, exhibiting a rise of 447.05 factors or 0.90 per cent.

Likewise, the NSE Nifty climbed 157.55 factors or 1.07 per cent to settle at 14,919.10.

On the Sensex chart, M&M, NTPC, Bajaj Auto, Tech Mahindra, TCS and Maruti emerged as prime gainers.

On the other hand, ONGC, HDFC, Dr Reddy’s, PowerGrid and SBI suffered losses.

Of the Sensex constituents, 25 shares ended with options.

Analysts acknowledged investor sentiment remained upbeat as a consequence of encouraging GDP numbers for the third quarter along with returning of calmness in world bond markets after the ultimate week’s turmoil.

Elsewhere in Asia, bourses closed with essential options for the second straight session after halt in sell-offs in world bond markets calmed investor sentiments.

In the meantime, Brent Futures rose 0.71 per cent to commerce at 63.76 per barrel.

On the international alternate market entrance, the rupee surged by 18 paise to close at 73.37 in direction of the US dollar on Tuesday.

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