doc7sxbs0ib6v419fo7bocsStock markets recover from 2-day decline on firm global cues, easing rate hike worries
The Hindu
Benchmark stock indices Sensex and Nifty rebounded on Tuesday after two days of decline.
Benchmark stock indices Sensex and Nifty rebounded on Tuesday after two days of decline following buying in select metal and banking shares and a bullish trend in the U.S. markets on easing rate hike worries.
The 30-share BSE Sensex climbed 275.62 points or 0.42% to settle at 65,930.77 as its 18 components advanced while 12 declined. During the day, it jumped 427.21 points or 0.65% to 66,082.36.
The broader Nifty went up by 89.40 points or 0.45% to 19,783.40. As many as 30 NSE shares gained while 20 closed in the red.
JSW Steel was the lead gainer among Sensex shares, rising by 1.76%. Tata Steel rose by 1.45%, and Titan by 1.44%.
Oil major Reliance Industries advanced 1.24%, helping the indices snap two days of losses.
Among banking shares, HDFC Bank, ICICI Bank and Axis Bank gained. Sun Pharma, Bharti Airtel, Tata Motors and Bajaj Finserve also advanced.
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