Market Wrap: Sensex Surges Over 1,000 Points, Nifty Also Settles Above 8,500

The Indian stock market opened on a positive note on Tuesday, tracking the gains in global markets. After hitting a high of 29,316.80, the equity benchmark BSE Sensex ended 1028 points higher at 29,468.49.

Similarly, Nifty 50 also ended on greener side when it settled 8,597.75 after surging 316.65 points.

In the previous session i.e on Monday, the 30-share BSE barometer ended 1,375.27 points or 4.61 per cent lower at 28,440.32, and the broader Nifty fell 379.15 points, or 4.38 per cent, to close at 8,281.10.

In the meantime, the Indian rupee appreciated 10 paise to 75.48 against the US dollar in morning trade. Brent crude futures, the global oil benchmark, rose 2.16 per cent to USD 26.99 per barrel.