The domestic markets snapped two days’ losses and witnessed a buying spree on Tuesday. The Sensex gained over 850 points and the Nifty above the 17150-level at the market close. The surge in the market mainly came from the banking, financial and metal heavyweights. 

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The bank and financial majors surged today mainly due to the Reserve Bank of India’s monetary policy committee is scheduled to release its bi-monthly interest rate decision on Wednesday. 

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At the market close, the BSE Sensex jumped 886.51 points or 1.56 per cent to 57633.65, while Nifty soared over 266.35 points or 1.57 per cent to 17178.6 level. Similarly, even broader markets gained as mid-cap gained by 1.44 per cent and small-cap above 1 per cent higher at the market close. 

As many 45 stocks closed in the green and 5 in the red at the market close. Metal heavyweights such as Hindalco and Tata Steel jumped most by over 5 and 3.5 per cent respectively, followed by Axis Bank and ICICI Bank each surged around 3.5 per cent at the market close today. 

On the contrary, the 5 stocks that fell in an otherwise strong market are Britannia, Cipla, Divis Lab, Asian Paints, IOC, each slipped between 0.1-06 per cent at the market close today.

All sectoral indices closed in the green, with Nifty Metal soaring most by over 3 per cent, followed by Nifty Bank and Financial each surge up to 2.5 per cent at the market close. Other sectors such as Nifty Auto, IT, Pharma also aided the markets to gain.

In the broader markets, Nifty Realty and Media helped the mid and small-cap stocks to gain the most during today’s session at the market close.