Stock Market Live Updates: Sensex Surges 1,200 Points, Nifty Nears 17,250

On Tuesday, Indian shares increased by 2%, led by advances in the banking and metals sectors

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investors reacted favourably to positive quarterly updates from corporations

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Investors at home are concerned that a rise in global crude prices could raise inflation

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the world's third-largest oil importer, thus oil prices inched up.

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On Tuesday, Asian equities rose as Britain cancelled parts of a controversial tax reform plan

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lifting bond prices and the value of the pound.

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Both the Nifty metals and Nifty bank indices increased by 2.6%.

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