Benchmarks rise nearly 1.5% after Monday's crash

FOLLOWING the heavy fall of Monday, domestic equity markets rebounded on Tuesday, with the benchmark indices—BSE Sensex and NSE Nifty50—gaining about 1.5% each.

- ARSHAD KHAN @ New Delhi

The recovery is driven by positive trade discussions between nations, which also lifted Asian stock markets.

The Sensex settled at 74,227.08, up by 1089.18 points or 1.49% and the Nifty50 gained 374.25 points or 1.69% to close at 22,535.85. In the broader markets, the Nifty Midcap 100 and Nifty Small cap 100 indices gained 2.11% and 2.13%, respectively.

Meanwhile, the volatility index, India VIX, cooled off sharply by 10.31% to 20.44, indicating easing market volatility. In the Asian markets, Japan's Nikkei 225 surged 6% on Tuesday, Shanghai Composite Index jumped 1.58%, and Hong Kong's Hang Seng index rose 1.51%.