Market posted strong gains, most of Adani Group stocks recover
At close, the Sensex was up 1,961.32 points or 2.54% at 79,117.11, and the Nifty was up 557.35 points or 2.39% at 23,907.25.
The Sensex shed over 200 points during the afternoon trade session on Tuesday over negative global cues.
Markets globally reacted negatively after the International Monetary Fund (IMF) cut its global growth forecasts.
Key sectors on the BSE like banking and finance traded in the red. Auto and industrial stocks lost over one per cent. On the NSE, metal stocks were hit the most, losing over two per cent.
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The BSE Sensex opened at 36,649.92 from its previous close of 36,578.96 on Monday.
At 1.50 pm, the Sensex traded at 36,375.93, lower by 203.03 points or 0.56 per cent, after touching an intra-day high of 36,650.47 and a low of 36,282.93.
The Nifty of the National Stock Exchange (NSE) opened at 10,949.80 after closing at 10,961.85 on Monday.
The Nifty traded at 10,898.85 during the afternoon trade session, down 63 points or 0.57 per cent.
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