Banking stocks lift Sensex, Nifty; jewellery shares hit

The BSE Sensex jumped nearly 1 per cent on Tuesday tracking strength in global markets and strong buying in banking stocks. The 50-share Nifty traded above the key 6,050 mark and the rupee pulled back against the dollar. The bank Nifty rose 1.3 per cent on fresh hopes that the central bank will cut lending rates on July 30 to boost the economy, notwithstanding the sharp fall in the rupee. PSU banks - Punjab National Bank and ...