• Source:JND
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Stock Market:  For the second straight day, the equity benchmark indices Sensex and Nifty ended higher on Tuesday, helped by positive global cues and buying in banking and financial stocks.

The 30-share BSE Sensex climbed 363.99 points or 0.45 per cent to settle at 80,369.03. The broader NSE Nifty rose 127.70 points or 0.52 per cent to end at 24,466.85.

State Bank of India (SBI) climbed 5 per cent to Rs 452.30, while ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, Bajaj Finance and L&T rose up to 2.5 per cent.
On the other hand, Maruti Suzuki,  Bharti Airtel,  Sun Pharma, Tata Motors, IndusInd Bank and Mahindra & Mahindra were the losers.

Meanwhile, foreign institutional investors (FIIs) sold shares worth Rs 3,228.08 crore on Monday while domestic institutional investors (DIIs) purchased equities worth Rs 1,400.85 crore, according to provisional data from the stock exchanges.

Also Read: Stock Markets: Sensex, Nifty Fall In Early Trade; Bharti Airtel Down 3%

In Asia, Seoul, Tokyo and Hong Kong ended in the green, while Shanghai settled lower. The US markets were closed on Monday on account of the Labor Day holiday.
Benchmark Brent crude futures rose 0.66 per cent to $71.89 a barrel.

On Monday, the BSE Sensex jumped 602.75 points or 0.76 per cent to 80,005.04. The NSE Nifty rose 158.35 points or 0.65 per cent to 24,339.15.

The rupee closed flat at 84.07 (provisional) against the US dollar on Tuesday, as the support from positive domestic markets and softening crude oil prices was offset by persistent foreign fund outflows.

Forex traders said the rupee is hovering around record low levels as the strong dollar weighed on the local unit, while positive domestic equities, weak crude oil prices and suspected intervention by the Reserve Bank of India (RBI) supported the local currency at lower levels.

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