HomeClosing Bell: Sensex surges over 300 points, Nifty by 100 points as financial shares recover after LIC statement, Yes Bank shares dip

Closing Bell: Sensex surges over 300 points, Nifty by 100 points as financial shares recover after LIC statement, Yes Bank shares dip

Indian equity market ended 1 percent higher lifted by bank and financial stocks after a day of choppy trade on Tuesday. Benchmark indexes were boosted after India's largest public sector insurance behemoth, the Life Insurance Corporation of India, said that it won't let IL&FS companies to collapse, which sparked buying in the sectors after two sessions of sharp sell-off. The BSE Sensex settled at 36,652, jumping 347 points, or 0.96 percent, while the NSE Nifty50 rose to 11,067.45, rising by over 100 points, or 0.91 percent at close. HDFC twins, Kotak Bank, Infosys, Hindustan Unilever, Axis Bank, SBI, Maruti Suzuki, ITC, ICICI Bank supported indexes, while TCS, PowerGrid, Reliance Industries, Yes Bank, Coal India among the laggards. Here are the main highlights from the markets today:

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By CNBC-TV18 September 25, 2018, 3:39:19 PM IST (Updated)