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Sensex jumps 400 pts, Bank Nifty up 2.39%

IANS  |  Mumbai 

Both Sensex and Nifty advanced over 1 per cent each during the afternoon session of trade on Tuesday owing to a recovery in the Asian markets.

index, up 2.31 per cent, led the gains on the NSE while the IT index was the only sectoral index trading in the red.

At 2.55 p.m., the Sensex jumped by 412.70 points, or 1.09 per cent, at 38,221.61 after it opened slightly higher.

The broader Nifty also gained 124.55 points, or 1.10 per cent, at 11,478.80.

A global sell-off was triggered after concerns of a growth slowdown emerged, following weak German on Friday.

Besides, the US Federal Reserve's dovish stance on interest rates last week also spooked the markets.

Worries had resurfaced about trade relations between US and China, ahead of bilateral talks scheduled for Thursday.

--IANS

ravi/bc

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 26 2019. 15:18 IST
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