Sensex, Nifty recover from two-day dip

MUMBAI: The sensex and Nifty rebounded on Tuesday after two days of decline, following buying in select metal and banking shares and a bullish trend in the US markets on easing rate hike worries.

The sensex climbed 276 points to settle at 65,931 as its 18 components advanced while 12 declined. During the day, it jumped 427 points to 66,082. The Nifty went up by 89 points to 19,783. As many as 30 NSE shares gained while 20 closed in the red.

Vinod Nair, head of research at Geojit Financial Services said, "Today, the market exhibited positive momentum, with attention centred on the minutes of the latest Fed meeting. The declining inflation and the recent cooling job data in the US provide foundation for a dovish comment from the Fed."


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