Sensex, Nifty rises sharply

Domestic stock markets rose sharply on Tuesday, extending gains a day after benchmark Nifty 50 index scaled a three-month peak. The S&P BSE Sensex index rose as much as 1.09 per cent – or 380.44 points – to touch 35,291.76 during the session, having started the day up 104.41 points at 35,015.73. The broader Nifty benchmark moved to as high as 10,430.05, after opening stronger at 10,347.95 compared to its previous close of 10,311.20. Buying across sectors, led by financial, consumer goods and metal stocks, supported the markets.

The Sensex ended 519.11 points – or 1.49 per cent – higher at 35,430.43, and the Nifty settled at 10,483.10, up 171.90 points – or 1.67 per cent – from its previous close.

Risk sentiment had taken a knock early in the Asian day after White House trade adviser Peter Navarro said the trade deal with China was “over”, linking the breakdown in part to Washington’s anger over Beijing not sounding the alarm earlier about the coronavirus outbreak.

The E-Mini S&P 500 futures were down 0.05 per cent in Asian trade, indicating a flat to negative start for US markets on Tuesday.

Updated by Sirsha Gupta

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