Sensex defies GDP news

Shrugging off lower-than-expected economic growth in the Januray-March quarter and riding on strong global cues, the benchmark Sensex of the Bombay Stock Exchange on Tuesday ended up 271.2 points, or 1.5%, at 18,503.

Shrugging off lower-than-expected economic growth in the Januray-March quarter and riding on strong global cues, the benchmark Sensex of the Bombay Stock Exchange on Tuesday ended up 271.2 points, or 1.5%, at 18,503.

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The Nifty of the National Stock Exchange also ended higher at 5,561 points, up 1.6%. Realty, FMCG, banking and healthcare stocks rose the most. Financials led the gains, with State Bank of India, HDFC Bank and ICICI Bank rising between 0.8% and 4%.