Equity investors grew richer by Rs 2.16 lakh crore, as their total wealth represented by BSE market capitalisation rose to Rs 259.68 lakh crore.

In the Nifty pack, 35 stocks closed in the green, while 15 stocks ended in the red.

The Nifty Pharma index closed 0.53 per cent up at 14487.9.

Nifty50 formed a perfect bullish candle on the daily scale and saw a breakout from its consolidation phase of the last few sessions.

The package likely includes a four-year moratorium on AGR and spectrum payments apart from a reduction in the spectrum usage charge (SUC) prospectively, among measures to improve the health of the debt-laden sector and retain a three-private player market.

The possible valuation is based on preliminary talks and may change after detailed discussions, due diligence and an official valuation report, according to people with knowledge of the matter, who asked not to be identified as the deliberations are private

“In the short term, NPLs can go up but that’s it. To my mind, with every passing month post the second wave, we have seen collections getting better. The collection number for individuals was 98% when we last reviewed.”

On the Multi Commodity Exchange, zinc contracts for the September delivery traded higher by Rs 1.35, or 0.54 per cent, to Rs 252.75 per kg with a business turnover of 1,281 lots.

History suggests Apple stock rarely performs on the day of its major launch. Since its first launch, the stock has ended higher on just four launch occasions since 2007!

Shares of Zee Entertainment Enterprises Limited on Tuesday zoomed 40 per cent after two investment firms sought the removal of the current Managing Director Punit Goenka from the board of the company.