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 of Research at Geojit Financial Services.
Among Sensex stocks, HDFC was the biggest gainer on value-buying after recent losses. The housing finance major spurted 3.06 per cent.
Bharti Airtel rallied 2.89 per cent after reports said that the telco may consider a tariff hike and continue with 'premiumisation' to boost its ARPU to Rs 300.Among major index movers, HDFC Bank rose by 1.4 per cent, Ultratech Cement by 2.7 per cent, Sun Pharma by 1.62 per cent and Dr Reddy's by 1.09 per cent.