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Sensex climbs 672 points, helped by buying bank counters

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Equity indices rose in early trading Tuesday, with the Sensex hitting 672 points, aided by continued bank tellers’ buying and recovery in global markets.



The inflow of foreign funds also contributed to the momentum.

The 30-share BSE Sensex jumped 672.06 points to 59,813.29 in early trading. the NSE useful rose 209.5 points to 17,831.75.

All 30 shares of Sensex companies traded in the green early in the trade, with IndusInd Bank, Bajaj Finserv, Bajaj Finance, Ash bank, ICICI bankLarsen & Toubro and Tata Steel become big winners.

“The Indian market continues to show resilience despite global challenges. Major indices such as Nifty bank, auto, FMCG and cement are at record levels and only IT is dragging the benchmarks along,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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