Benchmarks advance for 2nd day

Markets extended gains for a second straight session on Tuesday, recovering from last week’s sharp selloff amid supportive global cues.

- SUNDAR SETHURAMAN

However, the upside remained capped, as Brent crude prices held firm above the $100-per-barrel mark.The Sensex rose 568 points, or 0.75 per cent, to close at 76,071, while the Nifty 50 gained 172 points, or 0.74 per cent, to settle at 23,581.

The US-Israeli conflict with Iran entered its third week with little sign of easing, keeping energy markets on edge. Brent crude climbed about 3 per cent to hover near $103 per barrel, even as the US worked on a plan to escort ships through the Strait of Hormuz.