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Sensex rises 273 points to close at 38,901; Nifty settles above 11,450

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India Business News: In a highly volatile trading session, equity indices finished higher on Tuesday with the benchmark BSE sensex rising over 250 points led by gains in m

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NEW DELHI: In a highly volatile trading session, equity indices finished higher on Tuesday with the benchmark BSE sensex rising over 250 points led by gains in metal and pharma stocks.

The 30-share BSE index rose 273 points or 0.71 per cent to close at 38,901; while the broader NSE Nifty settled 83 points or 0.73 per cent higher at 11,470.

Bharti Airtel was the top gainer in the sensex pack, gaining up to 6.38 per cent after the Supreme Court granted 10 years to telecom firms for paying the adjusted gross revenue (AGR)-related dues to the government with certain conditions. Bajaj Finance, Asian Paints, Tata Steel, NTPC and SBI with the other gainers with their shares up as much as 4.42 per cent.

While ONGC, Axis Bank, Tech Mahindra, Infosys and ICICI Bank were the major losers falling up to 3.29 per cent.

On the NSE platform, sub-indices Nifty Metal and Pharma gained as much as 3.15 per cent.

According to traders, market shrugged off the 23.9 per cent slump in GDP (gross domestic product) and weak global cues by rebounding close to 1 per cent after…

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