Sensex jumps 483 points, Nifty reclaims 24,000 mark
Indian stock markets made a strong comeback on Tuesday morning after Monday's slump.
The Sensex jumped 483 points to reach 78,049, while the Nifty shot up by 139 points to 24,168.
Nearly five times as many stocks were rising as were falling, definitely a mood shift.
After weeks of losses, rally brings some relief
After weeks of steady losses and falling prices, today's rally signals some relief for investors and anyone tracking the economy.
Lower oil prices are helping keep costs down for both companies and consumers, making things a bit easier all around.
Oil prices drop, boosting markets globally
The boost comes as global oil prices cooled off, thanks in part to hints from Donald Trump about resolving tensions in the Middle East.
Wall Street also bounced back last night, which lifted spirits here.
Sectors like aviation, consumer durables, autos, and banks all saw solid gains today.
Plus, market volatility dropped sharply, always good news for anyone hoping things stay steady.