After opening negative on Tuesday morning, the Sensex made a smart recovery on Tuesday afternoon, buoyed by a strong rally in bluechip stocks. The 30-share Sensex ended 331.5 points higher at 35,144.49 while the broader Nifty 50 ended above the 10,550-mark. In the Sensex, shares of RIL, Axis Bank, ICICI Bank, Tata Steel, L&T and M&M gained more than 1.4% each. Eicher Motors share price rallied gained more than 6% to intra-day high of Rs 23,400. In the Nifty 50, shares of IOC, BPCL, Hindustan Petroleum gained ended higher by more than 3% each as global crude oil prices eased.
Yesterday, a massive global sell-off roiled stock markets worldwide, following which the domestic stock market had opened in the red. The 30-share Sensex tanked about 100 points in the opening trade to 34,672.20. The broader Nifty 50 was trading below the psychological 10,450 mark. Shares of Tata Motors lost more than 3% to Rs 180.45.
MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 1.7 percent to a 1-1/2 week trough, with Australian shares sinking 1.6 percent. Overnight in Wall Street, major U.S. stock indexes skidded more than 1 percent, with the tech-heavy Nasdaq slumping over 2 percent. Indexes were weighed down by losses in heavyweight Apple after three iPhone parts suppliers issued warning on results. We bring to you live updates from today’s trade.