Mumbai, Feb. 5 -- Indian markets jumped sharply on Tuesday, tracking global gains and the recent slide in global crude prices. The Sensex surged 917 points to 40,789 to register its biggest one-day gain in three months.
The broader Nifty50 index rose 2.3% to end at 11,979 as markets rebounded from a big fall registered in Saturday's special Budget session. On Saturday, the Sensex had plunged 987 points while on Monday both the indices had ended moderately higher.
Brent, the global oil benchmark, on Tuesday fell as much as $53.95 a barrel as traders weigh the impact on global demand from the spread of coronavirus, which has probably cut China's oil consumption by 20%, according to analysts.p13
Published by HT Digital Content Services with...