The S&P BSE Sensex on Tuesday surged after days of subdued sentiment on bourses. The Sensex was up 221.67 points at 25228.65.
Among the broader indices, the BSE-100 was up by 1.15 per cent, BSE-200 gained 1.21 per cent and the BSE-500 surged 1.26 per cent. Mid-cap stocks, meanwhile, moved up by 1.93 per cent and small-cap by 2.21 per cent.
On the National Stock Exchange (NSE), the 50-share Nifty closed at 7526.65 with a gain of 72.50 points.
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“Indices staged a smart bounce-back even before touching the 50-day moving average. Sentiment got a boost after the Consumer Price Index (CPI)-based inflation rose at the slowest pace since January 2012. CPI-based inflation declined to 7.31 per cent in June from 8.28 per cent in May. In June 2013, it stood at 9.87 per cent. While the wholesale price index-based inflation eased to 5.43 per cent from 6.01 per cent hitting a four-month low,” said Amar Ambani, Head of Research, IIFL.
Rupee drops 5 paise PTI reports:
Falling for the second day, the rupee on Tuesday closed down by 5 paise at 60.12 against the U.S. currency following sustained dollar demand from importers amid capital outflows. It started on a weaker note at 60.11 and dropped further to a low of 60.245 at the inter-bank foreign exchange market. Later, some dollar selling by exporters amid firm domestic equities helped the rupee recover to a high of 60.07 before settling at 60.12, still showing a fall of 5 paise from the previous closing of 60.07.
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Earlier report:
<a href="https://www.thehindu.com/business/markets/sensex-snaps-fiveday-fall-soars-220-points/article6213606.ece">Sensex snaps five-day fall, soars 220 points</a>