Sensex Rises Over 280 Points, Extending Gains From Monday's Blistering Rally
NDTV
Stock Market India: Equity benchmarks rose in early trade on Tuesday, extending gains after a blistering rally in the previous session.
Indian equity benchmarks rose in early trade on Tuesday, extending gains after a blistering rally in the previous session when domestic stocks stalled a four-day losing run.
The BSE Sensex index rose 287.55 points, or 0.47 per cent, to 60,853.97 in early trade, and the broader NSE Nifty-50 index jumped 81 points, or 0.45 per cent, to 18,095.60, reflecting a broader positive mood in Asian indexes.
Domestic benchmarks had reversed course to rally sharply on Monday in a low-volume session, stalling a four-day losing streak, with the Sensex rallying 721.13 points, or 1.2 per cent, to close at 60,566.42, and the Nifty rose 207.80 points, or 1.17 per cent, to end at 18,014.60.
"Markets may start on a higher note on Tuesday tracking gains in global indices, as investors resort to more short covering and value buying following the recent sell-off," said Prashanth Tapse, Senior Vice President for Research at Mehta Equities.
