Sensex rises 464 pts, Nifty ends above 7350; SBI surges 12%

The 30-share BSE Sensex surged 463.63 points or 1.95 percent to 24242.98 and the 50-share NSE Nifty climbed 146.55 points or 2.03 percent to 7368.85.

About three shares advanced for every share declining on the BSE.

SBI was the biggest gainer on Sensex, up 12.39 percent followed by Hindalco, ICICI  Bank, Adani Ports, Hero Motocorp, PNB and Bank of Baroda with 5-7 percent upside while M&M, Coal India, Sun Pharma, ITC and Bajaj Auto were down 1-5 percent.

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Indian ADRs: HDFC Bank gains 3%, Tata Motors rises

wall_street_2310_356Indian ADRs ended higher on Tuesday.

In the IT space, Infosys was up 0.60 percent at USD 17.42.

Wipro added 0.37 percent at USD 11.55.

In the banking space, ICICI Bank added 0.45 percent at USD 6.12.

HDFC Bank gained 2.88 percent at USD 55.70.

In the other sectors, Tata Motors was up 1.50 percent at USD 23.73.

Dr Reddy’s Laboratories rose 0.67 percent at USD 44.65.

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