Domestic equities surged in early trade on Tuesday, with the benchmark Sensex jumping more than 300 points, owing primarily to the strong Asian market trends.
Despite fears over the Israel-Hamas war, the Sensex and Nifty recovered strongly the day following a steep drop.
The 30-share BSE Sensex jumped 303.92 points or 0.46 percent to 65,816.31, while NSE Nifty gained 87.15 points or 0.45 percent to 19,599.50.
On Tuesday, Key Asian indices such as Japan’s Nikkei 225 and Hong Kong’s Hang Seng rose.
On Monday, the Sensex fell 483.24 points to close at 65,512.39, while the Nifty fell 141.15 points to close at 19,512.35.
On the global level, equities were mixed on Monday due to fear about the Israel-Hamas confrontation.
While European markets ended in the red, the US market recovered early losses and finished in the green, as investors focused on remarks by Federal Reserve officials.
According to the data exchange, Foreign Institutional Investors (FIIs) were net sellers on Monday, selling equities worth Rs 997.76 crore.
Also read: Israel Receives Support From US, UK, And Allies
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