Sensex and Nifty bounced back in early trade on Tuesday. The 30-share BSE Sensex jumped 1,092.68 points to 79,852.08 in early trade. The NSE Nifty surged 327 points to 24, 382. 60.
All the 30 Sensex companies were trading in the positive territory during the early trade. Tata Motors, Tech Mahindra, HCL Technologies, JSW Steel, HCL Technologies and Infosys were the biggest gainers from the pack.
Asian markets also rebounded sharply, where Seoul, Tokyo, Shanghai and Hong Kong were quoting significantly higher Japan’s benchmark stock index soared over 10%.
The US markets ended with deep cuts on Monday. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 10,073.75 crore on Monday, according to exchange data.
Global Oil benchmark Brent crude jumped 1.27 % to $77.27 a barrel. The BSE benchmark plummeted 2,222.55 points or 2.74 % to settle at over a month’s low of 78,759.40 on Monday, marking its worst single-day retreat since June 4, 2024. During the day, it tanked 2,686.09 points or 3.31 % to 78,295.86.
The NSE Nifty slumped 662.10 points or 2.68 % to settle at 24,055.60. During the day, it tumbled 824 points or 3.33 % to 23,893.70. Nifty also saw its worst single-day fall since June 4, 2024, when markets crashed more than 5 % after the general election results.
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