Usa India covid-19 outbreak Coronavirus Usa India

Market LIVE: Sensex, Nifty seen volatile; SGX Nifty dips nearly 2%

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Welcome to the Mint live blog. Track this space for the latest stock market updates. Indian stocks saw a massive rally on Tuesday, riding on optimism that the spread of the covid-19 outbreak may be slowing.

Gains in global markets also fuelled Indian equities. Markets in India surged nearly 9%, the biggest single-day gain since 18 May 2009.

The Sensex ended at 30,067.21, up 2,476.26 points or 8.97%, while the 50-share Nifty index was at 8,792.20, up 708.40 points or 8.76%.

Investors added ₹7.89 trillion of wealth. US crude futures jumped 5.4% to $24.92 a barrel, having shed 9.4% the session before, while Brent crude added 74 cents to $32.61.

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