Sensex rallies over 2,400 points to touch 30,000, Nifty closes above 8,700

Equity benchmark Sensex rallied over 2,400 points on Tuesday as banks, IT and auto stocks led the gains on global cues. 

After opening over 1200 points in the morning session, the 30-share BSE barometer gained 2476.26 points or 8.97% to close at 30,067.21. The NSE Nifty soared 708.40 points or 8.76% to end at 8,792.20. 

IndusInd Bank (22.6%), Axix Bank, Mahindra and Mahindra, ICICI Bank, Hindustan Unilever, Maruti and HCL Tech were the top gainers in the Sensex pack.

Indusind Bank also led the leading pack on NSE with a rally of 25%. Axis Bank, Grasim Industries, Dr Reddy's and Hindustan Unilever were other top gainers.

In the previous session on Friday, Sensex ended 674.36 points or 2.39% lower at 27,590.95 and the Nifty shed 170 points, or 2.06%, to close at 8,083.80.

The market was closed on Monday on account of 'Mahavir Jayanti'.

Even as the number of cases worldwide rise, global equities traded positive Tuesday. Bourses in Asian markets of Shanghai, Hong Kong, Tokyo and Seoul rallied up on Tuesday while the equities on Wall Street ended over 7% in overnight trade.

Over 13 lakh coronavirus cases and more than 74,000 deaths have been recorded globally.

The number of COVID-19 cases in India has crossed 4,400 and the death toll was 114, according to the Union Health Ministry.