• Source:JND
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Share Market: The stock market's benchmark indices surged on Tuesday, with robust buying in banking, financial, and auto stocks amid mostly positive trends in global equities. The 30-share BSE Sensex rose 378.18 points, or 0.47 percent, to close at 80,802.86. During the session, the index rose 518.28 points, or 0.64 percent, to 80,942.96.

The NSE Nifty gained 126.20 points, or 0.51 percent, to close at 24,698.85, marking its fourth consecutive day of gains.

Among the 30 Sensex firms, Bajaj Finserv, IndusInd Bank, Tech Mahindra, Bajaj Finance, Kotak Mahindra Bank, Axis Bank, NTPC, and Sun Pharma were the top gainers. Bharti Airtel, ITC, Adani Ports, JSW Steel, and Tata Motors were among the laggards.

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In the Asian markets, Seoul and Tokyo ended higher, while Shanghai and Hong Kong closed lower. European markets were trading with gains. U.S. markets ended in positive territory on Monday.

"Much of the strength and rally at Dalal Street is in the backdrop of steady SIP flows by retail investors. Global factors will be keenly watched as local investors would be eyeing the July FOMC (Federal Open Market Committee) meeting minutes to be released on Wednesday," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

According to exchange data, foreign institutional investors offloaded equities worth Rs 2,667.46 crore on Monday. However, domestic institutional investors (DIIs) bought equities worth Rs 1,802.92 crore.

Brent crude, the global benchmark, fell 0.72 percent to US$77.10 a barrel. In a range-bound trade, the BSE benchmark fell 12.16 points, or 0.02 percent, to 80,424.68 on Monday. The NSE Nifty rose 31.50 points, or 0.13 percent, to 24,572.65 in choppy trade.

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(With PTI's Input)