Sensex Rises Over 250 Points, Nifty Above 14,650 Led By Banking Shares

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Sensex Rises Over 250 Points, Nifty Above 14,650 Led By Banking Shares

The Indian equity benchmarks moved higher on Tuesday paced by gains in banking and financial services shares like ICICI Bank, Axis Bank, Tata Consultancy Services, State Bank of India, Kotak Mahindra Bank and Asian Paints. Meanwhile, Asia’s share markets were mostly higher Tuesday as regional equity investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen. Back home, the Sensex rose as much as 278 points to hit an intraday high of 48,996.53 and Nifty 50 index briefly moved above its important psychological level of 14,700.

As of 9:25 am, the Sensex was up 159 points at 48,877 and Nifty 50 index advanced 64 points to 14,698.

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