Equity market benchmark indices Sensex and Nifty rebounded sharply in early trade on Tuesday, recovering from a severe drop in the previous session, influenced by a strong recovery in Asian markets.
The 30-share BSE Sensex surged 1,092.68 points to 79,852.08, while the NSE Nifty rose 327 points to 24,382.60. All 30 Sensex firms traded positively, with Tata Motors, Tech Mahindra, HCL Technologies, JSW Steel, and Infosys among the top gainers.
Asian markets also saw significant gains, with Seoul, Tokyo, Shanghai, and Hong Kong quoting higher. Japan's benchmark stock index soared over 10%.
Foreign Institutional Investors (FIIs) sold equities worth Rs 10,073.75 crore on Monday. Global oil benchmark Brent crude increased 1.27% to USD 77.27 per barrel.
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