India, April 22 -- Canadian stocks moved sharply higher during trading on Tuesday, more than offsetting the pullback seen in the previous session.

The benchmark S&P/TSX Composite Index surged early in the session and remained firmly positive throughout the day before closing up 297.12 points or 1.2 percent at 24,305.98.

Healthcare stocks saw substantial strength after helping lead the market lower on Monday, with the S&P/TSX Capped Health Care Index spiking by 4.0 percent.

Considerable strength was also visible among energy stocks, as reflected by the 2.1 percent jump by S&P/TSX Capped Energy Index.

The rally by energy stocks came as the price of crude oil saw a significant rebound after the U.S .Treasury Department announced sanctions ...