Key equity indices advanced for the second session and closed near the day's high with strong gains on Tuesday. The Nifty managed to close above the crucial 14,900 mark. Barring the Nifty PSU Bank index, all other sectoral indices on the NSE ended in the green.
Positive development surrounding global COVID-19 vaccination programmes and stabilizing US Treasury yields boosted sentiment. Buying was also triggered as India's GST collection for the month of February stood above the Rs 1 lakh crore mark for the fifth straight month, cementing the signs of economic recovery.
As per the provisional, the barometer index, the S&P BSE Sensex, rose 447.05 points or 0.9% at 50,296.19. The Nifty 50 index surged 157.55 points or 1.07% at 14,919.10.