Sensex Closing Bell: The market jumped after the comfort of controlling inflation, Sensex rose 550 points, Nifty at 17486

The domestic stock market showed strength for the third consecutive day and it has closed on the green mark. The Sensex was trading at 58,960.60 points with a gain of 549.62 points at the time of closing of the market on Tuesday. On the other hand, Nifty is trading at a level of 17,486.95, up by 175.15 points. During this period, the shares of BHEL and NHPC saw an increase of eight percent each.

Shares of Tata Motors were seen trading with a gain of 1.84 percent on NSE Nifty on Tuesday. On the other hand, shares of Wipro were up 1.80 per cent, SBI shares 1.44 per cent, Hindustan Unilever Ltd shares 1.41 per cent and Ultratech Cement 1.33 per cent higher.

Earlier on Tuesday, Indian shares were seen reaching a three-week high in early trade. This rally was seen in the market after the central bank RBI gave assurance of reducing inflation a day earlier. RBI had said that inflation will come down due to the tightening of monetary policy, but it will take three to four quarters.