Indices break 2-day losing streak; Sensex up 312 pts, Nifty ends at 11,796

The benchmark indices advanced on Tuesday as news of the swift progress of rains buoyed investor sentiment. Reports quoting weather department officials said the monsoon had covered nearly half of the country and conditions were favourable for further advancement into the central and western parts this week.

The Sensex ended at 39,435, up 312 points, or 0.80 per cent, while the 50-share Nifty closed at 11,796, up 97 points, or 0.83 per cent.

The benchmark indices ended the past two sessions in the red on concerns over deficient rains and India-US trade tensions. Last week, the India Meteorological Department said the cumulative