Mumbai: Asian stock markets witnessed strong gains on Tuesday due to strong global cues. Indian stock markets also came back strongly on Tuesday. The Bombay Stock Exchange (BSE) major index Sensex opened by 625 points at 33,853.72 in the morning. By 9.18 am, the Sensex rose by 770 points to reach 33,998.
Similarly, the National Stock Exchange (NSE) major index Nifty also opened at 10,014.80 with an increase. The US Federal Reserve has announced a corporate bond purchase program, which has boosted investor confidence. Tata Motors suffered heavy losses in the March quarter, causing its shares to break nearly 2 per cent today. In early trade, around 856 stocks gained strength and 114 stocks declined.
After the gains in the US volatile futures market, the Asian stock markets also saw strength on Tuesday. The American corporate bond purchase program has strengthened the sentiment of investors and also reduced the fear of Corona's return. On the first Monday, a huge decline was recorded in the Indian stock market. The news of Corona's return to China caused panic in the stock markets across the world and due to this the Indian stock markets also broke on Monday.
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