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Sensex, Nifty rise on buying in bank stocks, positive global cues

Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday, helped by fag-end buying in banking counters and a firm trend in global markets.

The BSE Sensex climbed 363.99 points or 0.45% to settle at 80,369.03. Intra-day, it fell by 583.69 points to 79,421.35.

The NSE Nifty rose 127.70 points or 0.52% to 24,466.85. Unabated buying by domestic institutional investors (DIIs) also helped in the rebound, traders said.

From the 30 Sensex pack, State Bank of India jumped 5 per cent, followed by ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, Bajaj Finance and Larsen & Toubro.

In contrast, Maruti, Tata Motors, Sun Pharma, Bharti Airtel, IndusInd Bank and Mahindra & Mahindra were among the laggards.