Stock Market Closing: Sensex rises 446 pts; Nifty tops 17,100, RIL Shares Gains

The benchmark equity indices for India ended Tuesday's trading session largely higher. The BSE Sensex increased 445.73 points to 58,074.68 while the NSE Nifty 50 increased 119.10 points or 0.70% to 17,107.50. To reach 39,894.70, Bank Nifty gained 532.75 points.

The market's breadth was clearly in the buyers' favour. The S&P BSE SmallCap and Midcap indices ended the day up to 0.6%.

Equity markets recorded significant gains on Tuesday amid an uptick in global sentiment and a relief rally following days of bearish hammering. Reliance Industries (RIL), Bajaj Finance, Bajaj Auto, HDFC Life, Titan, ICICI Bank, Axis Bank, HDFC twins, Ultratech Cement, and IndusInd Bank were also healthy buyers, which contributed to the gains.

Financial stocks were seen to be holding their own among sectors, with the Nifty Bank, PSU Bank, Pvt Bank, and Financial Services indices all rising by up to 2%. The Nifty IT and FMCG indices were down up to 0.8%, which put the defensive plays on the back foot.