MUMBAI: Indian equity markets made a stunning comeback on Tuesday, reversing Monday’s sharpest fall in 10 months as Sensex soars 1,089.18 points (1.49 per cent) to close at 74,227.08, The Nifty advanced 374.25 points (1.69 per cent) to 22,535.85, even as intra-day, both benchmarks surged over 2 per cent.
The rally tracked gains across Asian and European markets, aided by easing fears over US tariffs and hopes of improved trade dialogue. Japan’s Nikkei led the pack, jumping 6 per cent.
Back home, all Sensex sectors ended in the green. Oil & gas led the recovery with a 2.58 per cent rise, followed by consumer durables, telecom, and industrials. Titan, Bajaj Finance, SBI, and L&T were among the top gainers. Power Grid was the lone Sensex laggard.
On the broader market front, small and mid-cap indices jumped 2.18 per cent and 1.87 per cent, respectively. Market breadth was strongly positive, with over 3,000 advancing stocks.
Despite the surge, FIIs were net sellers on Monday, offloading equities worth Rs9,040.01 crore, while DIIs absorbed the pressure with Rs12,122.45 crore in net purchases. Brent crude edged up 0.22 per cent to $64.35 a barrel.
Analysts attributed the sharp rebound to global relief, optimism over trade dynamics, and resilient domestic demand.
