India, June 24 -- The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange staged an emphatic rebound on Tuesday. Sentiment dramatically improved in the backdrop of strong budget spending plans, reports of ceasefire between Israel and Iran as well as upbeat economic data.
Data released earlier in the day showed Germany's Ifo Business Climate indicator rising to 88.4 in June. The highest level in almost a year compared with 87.5 in May and forecasts of 88.2.
The index is currently trading 1.93 percent higher at 23,718.80, versus the previous close of 23,269.01. The day's trading ranged between a high of 23,812.79 and a low of 23,599.80.
In the 40-scrip index, only 5 scrips are tradin...