Sensex surges 917 points to settle around pre-budget level

Titan was the biggest gainer in the Sensex pack, rallying 7.97 per cent, followed by ITC, HDFC, Bajaj Finance, and Tata Steel.

Returning to its pre-Budget level, market benchmark Sensex zoomed 917 points on Tuesday, helped by hectic buying across the board as investors seemed relieved sensing stability in global markets.

The 30-share BSE Sensex settled 917.07 points, or 2.30 per cent, higher at 40,789.38.It hit an intra-day high of 40,818.94.

Similarly, the broader NSE Nifty soared 271.75 points, or 2.32 per cent, to 11,979.65.

Titan was the biggest gainer in the Sensex pack, rallying 7.97 per cent, followed by ITC, HDFC, Bajaj Finance, and Tata Steel.

On the other hand, Bajaj Auto and HUL were on the losing side.

Analysts said efforts to contain the deadly coronavirus and a significant drop in global crude oil prices in recent days helped improve investor sentiment.

Photograph: PTI Photo