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Global risk off sentiment and expectation of policy action by the Centre saw the Nifty and the Sensex rise in excess of one per cent on Tuesday.
The Nifty closed at 5421, up 55 points (1.02 per cent). The Sensex was up 194 points (1.1 per cent) and closed at 17885.
“Markets were up marginally on the back of continuing expectations of initiation of fiscal reforms. The progress of monsoon also boosted the sentiment a bit. IT stocks were up. Infosys stock closed higher as the US court ruled in favour of Infy in an employee harassment case. Also, the stability in the US and Europe supported the IT stocks,” said Mr. Dipen Shah, Head-PCG Research Kotak Securities.
Volatility was high and the India Vix closed at 16.30 up 3.62 per cent. Sterlite, DLF, Sesa Goa, NTPC and Ambuja Cement were the top five Nifty gainers while Bharti Airtel, Cairn, PNB, Hindalco and Tata Steel were the top five losers.
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