Continuing its see-saw trade, the stock markets made a sharp recovery on Monday in line with the global markets and strong corporate results.
India’s key indices, Sensex and Nifty along with the bonds and currency markets are closed on Tuesday for a public holiday on accounts of Mahashivratri.
The trading would now resume on Wednesday.
Continuing its see-saw trade, the stock markets made a sharp recovery on Monday in line with the global markets and strong corporate results.
The BSE Sensex rose 294.71 points, or 0.87% to close at 34300.47, while the broader Nifty jumped 84.80 points, or 0.81%, to end the session at 10539.75. The Sensex had lost 407.40 points, or 1.18%, to settle at a one-month low of 34005.76 on Friday due to weak global stocks.
Expectations of moderate inflation numbers also boosted the investor sentiments. The rally was mainly driven by a good show in the European and other Asian markets including jump in the US markets on Friday.
Meanwhile, Asian stocks pulled further away from two-month lows on Tuesday, lifted by Wall Street's extended rebound from last week's steep fall, but investors remained cautious ahead of U.S. inflation data later in the week.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 1 percent after sliding to its lowest level since Dec. 11 on Friday.
Australian stocks rose 0.5 per cent and South Korea's KOSPI climbed 1 per cent. Japan's Nikkei added 1 per cent.
The Shanghai Composite Index was 1.2 per cent higher, buoyed by global gains and suggestions of possible Chinese government support.
An affiliate of China's securities regulator on Monday encouraged major shareholders of domestically-listed firms to increase their holdings after last week's global selloff mauled Chinese stocks.
Wall Street's three major indexes rose for the second day on Monday as investors regained some confidence after U.S. equities had their biggest weekly drop in two years.
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 "Sensex, Nifty close today on account of Mahashivratri, Asian stocks at 2-month low")
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