Sensex ends 240 points higher on global cues

Broader markets surge over 1%, moving in tandem with benchmark indices

Markets ended higher on Tuesday with Bombay Stock Exchange’s Sensex index notching over 240 points on improved risk appetite of overseas investors after positive news flow from world’s two-biggest economies, US and China.

Global market sentiments improved on reports that the US Federal Reserve will continue with its bond-buying plan to support growth in US while China maintained 7.5 percent growth target for fiscal year 2013 raising growth recovery optimism.

The Bombay Stock Exchange's Sensex ended up 248.32 points at 19,126.28 provisionally while the National Stock Exchange's Nifty gained 82.90 points to provisionally end at 5,784.25.