Market on Tuesday | Sensex, Nifty gain 2.5% each
The stock market benchmarks Sensex and Nifty logged their best single-day gains in nine months on Tuesday, rising over 2.5 percent each, after India and the US reached a trade deal under which Washington agreed to lower reciprocal tariffs on Indian goods.
After a strong opening, the Sensex surged 4,205.27 points, or 5.14 percent, to touch an intra-day high of 85,871.73. It later pared gains to close at 83,739.13, up 2,072.67 points, or 2.54 percent.
The broader Nifty jumped 639.15 points, or 2.55 percent, to settle at 25,727.55. During the session, the index climbed 1,252.80 points, or 4.99 percent, to hit a high of 26,341.20.