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Benchmark BSE Sensex bounced back with a 341-point gain, ending a five-day losing streak due to strong performance in banking stocks and a global rally. Stocks like HAL, BEL, and KPIT Tech showed significant movements, with HAL and KPIT Tech rebounding, while BEL experienced slight fluctuations.
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U.S. stocks experienced gains for a second consecutive session as investors looked to capitalize on recent declines. Economic reports revealed sluggish retail sales and a significant drop in New York State factory activity. The Federal Reserve is expected to keep rates unchanged. Quantum computing stocks surged, while Tesla stumbled. Volume on U.S. exchanges was 13.86 billion shares.
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Japanese equity benchmarks outperformed with gains topping 1%, while shares in Australia and South Korea also advanced. Futures showed Hong Kongs benchmark may open more than 2% higher on Tuesday. Thats after US stocks climbed for a second day, as industrial and energy shares rallied.
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