Greece has been awarded a second financial bailout on Tuesday. The 17-country eurozone finally managed to approve a Euro 130 billion (170 billion USD) rescue. The bailout comes as a relief to the ailing Greek economy. This news item has led to an upliftment of the mood across the Asian and other global markets.
Oil & gas, telecom, banks and capital goods stocks have led the Nifty index to close above the 5600 mark. The index has gained 42.85 points or 0.77% at 5,607.15. Meanwhile, the BSE benchmark Sensex rose 139.26 points or 0.76%, to end at 18,428.61.
Capital goods major BHEL retained its top position in the buying list for the whole session, rising 4.8%. However, L&T fell 0.4%.
The broader markets outperformed benchmarks – the BSE Midcap Index was up 0.9% and Smallcap up 1.2%.