New Delhi, April 13 -- Predictions of a normal monsoon, along with short covering and hopes of healthy Q4FY21 results, triggered a rebound in India's benchmark equity indices from two-month lows on Tuesday.
Besides, reports of a fall in incremental Covid cases and higher recoveries stabilised sentiments.
This led a fall in India's Volatility Index by 11 per cent to end at 20.46.
Globally, stocks ticked up on Tuesday on the back of better outlook for the global economic recovery.
On the domestic front, updated forecasts released by Skymet on Tuesday suggested that Southwest Monsoon may be 103 per cent of the long-period average.
Among sectors, PSU banks, auto, metals, bank, realty and media gained the most while IT and pharma lost the m...