Sensex Rebounds in Early Deals
Summerlad DiogoIndia's equities surged by 739 points, or 1.0%, to 73,877 in morning trade on Tuesday, halting losses from the previous three sessions, with almost all sectors moving into the green, led by consumer durables.
Traders took profits after the index posted its steepest single-day fall in 10 months the day before.
The BSE Sensex tracked a rise in U.S. futures following a downbeat session on Wall Street overnight.
The RBI monetary policy meeting lifted sentiment, with the central bank expected to slash the interest rate by 25 bps to 6% on Wednesday due to easing inflation and moderating GDP growth amid global trade uncertainty.
The Nifty 50 soared 1.1% to above 22,400, with notable gains from Titan (2.8%), Bajaj Finserv (2.1%), State Bank of India (2.0%), Bajaj Finance (1.6%), Tata Motors (1.6%), and Asian Paints (1.5%).
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