Sensex settle 478 pts higher

MUMBAI: An across-the-board buying helped the benchmark indices settle with over a per cent gains on Tuesday. The S&P BSE Sensex rallied 478 points or 1.26 per cent to settle at 38,528 levels while NSE's Nifty closed the session at 11,385 levels, up 138 points or 1.23 per cent. India VIX declined over 4 per cent to 20.43 levels. HDFC Bank, Reliance Industries (RIL), ICICI Bank, and Infosys contributed the most to the Sensex's gains. UltraTech Cement (up over 3 per cent) was the top gainer on the index while Tech Mahindra (down over 1 per cent) was the biggest loser.

In the broader market, the S&P BSE MidCap index gained over 1 per cent to 14,656.68 levels while the S&P BSE SmallCap index gained 1.3 per cent to 14,154 points. European shares slipped on Tuesday as simmering political tensions between the United States and China escalated, while concerns over a deadlock on further US fiscal stimulus drove the dollar towards a two-year low against its rivals.

US stock futures were down 0.2 per cent, pointing to a weaker start on Wall Street and inching back slightly after tech stocks had pushed sister index the Nasdaq to a record high on Monday. (IANS) 

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