Sensex, Nifty rebound to settle 1% higher as RIL, Infosys gain
Zee News
Gains in the broader market were marginal compared to the benchmark index, with the BSE midcap index gaining 0.17 per cent and smallcap gauge 0.15 per cent.
Mumbai: Benchmark stock indices Sensex and Nifty made a spirited recovery to close over 1 per cent higher on Tuesday, riding on gains in Reliance Industries, Infosys and TCS amid a recovery in global equities.
After opening lower, the 30-share BSE Sensex had plunged to a day's low of 56,930.30 points on concerns over inflation and growth as India hiked fuel prices after a 137-day hiatus.
However, the barometer rebounded in afternoon trade in line with gains in European and Asian stocks.
The BSE Sensex closed up by 696.81 points or 1.22 per cent at 57,989.30 as 26 of its constituents ended in green.
The broader NSE Nifty climbed 197.90 points or 1.16 per cent to finish at 17,315.50.
