Indian equity markets rallied on Tuesday with Sensex hitting a fresh all-time high as it breaks above 53,000-marks. Nifty edged higher towards 15,900 pushed by auto stocks.
Asian markets gained following a stunning recovery rally in the US Markets as Wall Street saw the best single day gain since March 5.
The 30-stock Dow Jones jumped 587 points, or nearly 1.8% while the broader gauge S&P 500 gained 1.4% to 4,224.79, sitting within 1% from its record high after Monday’s comeback rally.
All 11 S&P 500 sector indices rose, with energy jumping 4.3% and leading the way, followed by financials, up 2.4%.