Indian markets close sharply higher amid easing geopolitical tensions

Log biggest gain in more than a year on signs of potential Russia-Ukraine 'climbdown'

The benchmark indices rebounded on Tuesday, recouping all of previous day’s losses, on reports of de-escalation of tensions between Russia and Ukraine.

The news came as much-needed relief to equity markets which were rattled after a massive mobilisation of the Russian army around Ukrainian borders led to fears of an invasion and a standoff between the US and Russia.

The benchmark Sensex ended the session at 58,142, a gain of 1,736 points or 3.08 per cent. The Nifty, on the other hand, ended the session at 17,355, a gain of 512 points or 3.04 per cent. The gain was the