The market rebounded sharply after the market priced in Union Budget 2016 in previous session.
The Sensex rose 247.60 points or 1.08 percent to 23249.60 and the Nifty climbed 69.85 points or 1 percent to 7056.90, led by ITC. ITC rallied 6.46 percent post factoring in excise duty hike on cigarettes. ICICI Bank, Axis Bank, Infosys, SBI and PNB gained 1-3 percent while ONGC and Bharti Airtel fell more than 1 percent.
The Indian rupee gained 17 paise in the early trade today. It has opened at 68.26 per dollar versus 68.43 Monday.
The 30-share index was trading at 23,290, up 268 points or 1.17 per cent. It touched a high of 23,303.66 and a low of 23,133.18 in morning trade.
The Nifty50 was trading at 7072 up 78 points or 1.12 per cent. It touched a high of 7,077.90 and a low of 7,035.10 in the first 30 minutes of trade.
The S&P BSE Midcap Index was up 0.67 per cent and BSE S&P Smallcap Index was trading 0.64 per cent higher.
ITC (up 5.5 per cent), ICICI Bank (up 3.6 per cent), Axis Bank (up 2.3 per cent), Infosys (up 2.1 per cent), and Wipro (up 1.6 per cent), were the major Sensex gainers.
ONGC (down 1.9 per cent), ONGC (down 1.6 per cent), Dr Reddy's (down 0.64 per cent), and HUL (down 0.58 per cent) were the major Sensex gainers.
The Sensex rose 247.60 points or 1.08 percent to 23249.60 and the Nifty climbed 69.85 points or 1 percent to 7056.90, led by ITC. ITC rallied 6.46 percent post factoring in excise duty hike on cigarettes. ICICI Bank, Axis Bank, Infosys, SBI and PNB gained 1-3 percent while ONGC and Bharti Airtel fell more than 1 percent.
The 30-share index was trading at 23,290, up 268 points or 1.17 per cent. It touched a high of 23,303.66 and a low of 23,133.18 in morning trade.
The Nifty50 was trading at 7072 up 78 points or 1.12 per cent. It touched a high of 7,077.90 and a low of 7,035.10 in the first 30 minutes of trade.
The S&P BSE Midcap Index was up 0.67 per cent and BSE S&P Smallcap Index was trading 0.64 per cent higher.
ITC (up 5.5 per cent), ICICI Bank (up 3.6 per cent), Axis Bank (up 2.3 per cent), Infosys (up 2.1 per cent), and Wipro (up 1.6 per cent), were the major Sensex gainers.
ONGC (down 1.9 per cent), ONGC (down 1.6 per cent), Dr Reddy's (down 0.64 per cent), and HUL (down 0.58 per cent) were the major Sensex gainers.
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