PrashantNews
After a long gap, the Indian stock market on Tuesday showed positive signs of improvement with the BSE Sensex surging 1131 points (1.53 %) to revisit psychological 75,000 level.
The market in the past one and two months was in bearish mode with the most of stocks down upto 50 percent. The negative trend had started after the Diwali festival.
Analysts said financials, metals and auto stocks led a broad-based rally across all sectors with the US equities also showing some stability.
The market analysts said the investors should remain cautious as the long-term stability still remained far away. “We must watch the trends for the next few days before taking a final call,” said a market analyst.
The China has also been taking steps to boost its economy with the fresh data revealing that retail sales growth in China accelerated in Jan-Feb.
Zomato jumped over 7 percent. ICICI, M&M, SBI, L&T were among gainers in the sensex pack.
Meanwhile, the rupee was also stabilizing at 86.55 level as it closed stronger against dollar for the consecutive third day today.