Mkts up for 2nd session amid Russia-Ukraine peace talks

Value Buying

- BSE Sensex jumped 350.16pts to 57,943.65

- 20 of Sensex constituents higher

- NSE Nifty gained 103.30 pts to 17,325.30

- 32 of Nifty-50 in green

- Ultratech Cement, Sun Pharma, Dr Reddy's, Kotak Bank, Infosys, ICICI Bank, HUL, Bajaj Finance, Asian Paints and Nestle advanced

- ITC, Tata Steel, SBI, IndusInd Bank, Bajaj Finserv and NTPC in the red

Mumbai: Benchmark stock indices Sensex and Nifty rallied for a second straight session on Tuesday after gains in index majors HDFC twins, Bharti Airtel and Infosys as global shares advanced ahead of peace talks between Ukraine and Russia.

The 30-share BSE Sensex jumped 350.16 points or 0.61 per cent to settle at 57,943.65 with 20 of its constituents closing higher. During the day, the index rallied 408.04 points or 0.70 per cent to 58,001.53. The broader NSE Nifty gained 103.30 points or 0.60 per cent to settle at 17,325.30 as its 32 components closed in green.

"Reports of peace talks between Russia and Ukraine along with weakening crude prices helped the global markets trade firm," said Vinod Nair, head (research) at Geojit Financial Services.

"For yet another session, markets traded highly volatile and ended with gains of more than half a per cent. Supportive global cues led to a gap-up opening and thereafter the benchmark traded with positive bias throughout the session but with volatile swings," said Ajit Mishra, V-P (research), Religare Broking Ltd.

Rahul Sharma, co-founder, Equity 99, adds: "Markets ended bullish with the broader indices up by 0.66 per cent. This was in hopes of a positive outcome from the peace talks between Russia and Ukraine."

Two-wheeler major Hero MotoCorp tanked 7.08 per cent to Rs 2,208.35 on BSE after the exchange sought clarification on a media report that claims that the 'I-T Department finds Rs 1,000 crore false expenses claims by Hero MotoCorp'.