Stock Markets Rebound Sharply; Sensex Gains 777 Points, Nifty Settles At 17,200
Stock Market Update: On the BSE, 26 constituents have settled in the green, with PowerGrid leading the pack with a jump of 3.93 per cent, followed by Titan, M&M, IndusInd Bank, Bajaj Finance, Reliance
New Delhi: Sensex and Nifty, the key equity benchmarks, rebounded sharply on Tuesday after snapping two straight session loss broadly on positive global cues.
The 30-share BSE Sensex surged 777 points to 57,356, while the broader NSE Nifty ended day’s trade at 17,200, up 246 points.
On the BSE, except TCS, Maruti, Asian Paints, and Axis Bank, the rest 26 constituents have settled in the green, with PowerGrid leading the pack with a jump of 3.93 per cent, followed by Titan, M&M, IndusInd Bank, Bajaj Finance, Reliance, and others.
In the broader markets, the BSE Midcap index added 1.6 per cent and the BSE Smallcap added 0.7 per cent.
Sectorwise, all the indices ended in the positive zone, led by the Nifty Realty and Auto indices, up 3.5 per cent and 3 per cent, respectively.
In the previous session on Monday, the BSE Sensex plunged 617 points to close at 56,580, while the Nifty moved 218 points lower to close at 16,953.
Elsewhere in Asia, markets in Tokyo, Hong Kong, Seoul, and Shanghai were trading in the green in mid-session deals after settling significantly lower in the previous trade.
On Monday, stocks in the US had also ended day’s trade with gains.
Nasdaq ended sharply higher after Twitter approved of Elon Musk’s offer. The micro-blogging site ended 5.6 per cent higher on news that the Tesla CEO, who is the world's richest person, closed a deal to pay $44 billion cash for Twitter.
Meanwhile, international oil benchmark Brent crude gained 1.26 per cent to $103.61 per barrel.
According to stock exchange data, foreign institutional investors (FIIs) continued their selling spree, offloading shares worth Rs 3,302.85 crore on Monday.
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