MARKET CLOSING UPDATES: Indian share market benchmark indices made a steller performance on Tuesday led by Strong international cues and a stronger rupee.   The  BSE Sensex soared over 1,300 points to reach a record of 58,099 levels, while the Nifty50 rose over 350 points to close above 17,250 levels, a level last reached on September 23.

Gains in the benchmark indexes were also attributed to new wagers across industry heavyweights like Bajaj finance, Bajaj Finserve, HDFC Finance, HDFC Bank, Tata Consultancy Services, and Reliance Industries.

The Nifty MidCap100 and Nifty SmallCap100 both increased by over 2 percent and 1 percent, respectively, as investors' newfound risk appetite spread to wider markets. In terms of sectors, the Nifty Metal and Nifty Private Bank indexes took the lead with gains of more than 3 percent each.

INTERNATIONAL MARKETS: Solid global cues In Monday's trading, the US markets recovered from last week's severe dip when 10-year and 2-year Treasury rates fell to 3.6 percent and 4.1 percent, respectively, on weaker-than-expected manufacturing statistics. The Dow Jones, NASDAQ Composite, and S&P 500 major indexes all closed more than 2 percent higher, signalling a strong start to the year's final three months. Additionally, US market futures also maintained its ground on Tuesday as Dow Jones Futures moved up more than 200 points to 0.8 percent. The positive mood spread to markets in Asia-Pacific as well, with gains of 2 percent to 3 percent recorded on Tuesday on the Nikkei 225, Topix, Kosdaq, and S&P 200.

INDIAN RUPEE VERSUS US DOLLAR:  On the backdrop of strong local indications and a weakening of the US currency globally, the rupee appreciated by 30 paise to 81.52 against the US dollar on Tuesday. The dollar index, which compares the value of the dollar to a basket of six other currencies, decreased 0.1 percent to 111.5. However, the 0.4 percent increase in Brent Crude prices prior to the OPEC+ meeting restrained appreciation of the native currency.

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