 "Markets rise on global cues: Sensex ends 193 pts higher, Nifty at 12,052")
Frontline indices — Sensex and Nifty — ended half a per cent higher on Tuesday, after gaining as much as 1.3 per cent during intraday trade.
The Sensex opened 307 points higher, taking cues from the Dow Jones’ and the Nasdaq's positive close on Monday. Oil prices also showed signs of easing, closing 0.3 per cent lower at 68.73 per barrel, back at Friday's levels.
Analysts say the market surge could be attributed to short-covering as traders had built a lot of shorts during Monday's heavy sell-off.
“Traders will now be in wait-and-watch mode, gauging how the US-Iran stand-off plays out," an analyst said. Both the Nifty and the Sensex ended 0.8 per cent lower from day's high.
Source: Bloomberg
(* data for Jan 3 and Jan 6)
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%