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BSE Sensex rises more than 250 points; ITC gains

Nifty also rises by 72 points on Tuesday

Mumbai: The BSE Sensex rose more than 250 points on Tuesday as blue-ship stocks such as ITC Ltd gained on value buying.

The BSE Sensex was up 278 points while the Nifty rose 72 points . ITC rose 1.1 per cent after shares in India's largest cigarette maker closed 6.2 per cent lower in the previous session.

Among other heavyweights, Reliance Industries Ltd was up 1.5 per cent while State Bank of India gained 2.3 per cent. Asian shares clinched slender gains on Tuesday as improved manufacturing data from China, Japan and the United States augured well for global growth, despite a disappointing result from the euro zone.

However, foreign institutional investors, who supported a 21 per cent rally in the Nifty so far this year, sold Indian shares for the second straight day on Monday, with 2.15 billion rupees of stock offloaded.

( Source : reuters )
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