Sensex snaps 2-day slide as global markets regain footing despite coronavirus overhang
Mumbai: Markets snapped their two-session slide to close with smart gains on Tuesday, mirroring optimism in the global markets as investors wagered on limited economic impact of the coronavirus outbreak.
Led by gains in index heavyweights RIL, ICICI Bank and HDFC, the 30-share BSE Sensex settled 236.52 points, or 0.58 per cent, higher at 41,216.14.
Similarly, the broader NSE Nifty rose 76.40 points, or 0.64 per cent, to 12,107.90.
NTPC, Maruti Suzuki, SBI, PowerGrid, Bajaj Auto, UltraTech Cement and Axis Bank rose up to 2.95 per cent.
On the other hand, Bharti Airtel, Mahindra and Mahindra, Nestle India, TCS and Sun Pharma shed up to 0.75 per cent.
Global markets rose as China re-opened for business after a forced extension to the Lunar New Year holiday because of the coronavirus outbreak, which has killed over 1,000 people and disrupted major global supply chains.
Bourses in Shanghai, Hong Kong and Seoul settled with significant gains. Japanese markets remained shut for a holiday.
