Sensex Recovers On Late Buying, Surges 697 Points, Nifty Settles Above 17,300
NDTV
The Indian equity benchmark indices recovered from intraday losses during late deals to end higher on Tuesday.
The Indian equity benchmark indices recovered from intraday losses during late deals to end higher on Tuesday. The domestic bourses, which started on a weak note, surged led by buying in information technology and automobile stocks despite weak global cues.
U.S. Federal Reserve Chair Jerome Powell hinted at a rate hike of 50 basis points (bps) and crude oil trading above the $110 per barrel due to the Russia-Ukraine conflict.
Back home, the 30-share BSE Sensex soared 697 points or 1.22 per cent to close at 57,989, while the broader NSE Nifty moved 198 points or 1.16 per cent higher to settle at 17,316.
Mid- and small-cap shares finished on a strong note as Nifty Midcap 100 index and small-cap shares rose 0.28 per cent each.
