Benchmark indices get their mojo back, rise on positive global cues

Reduced FII activity, positive newsflow around economic growth have lifted sentiment

The benchmark indices rose for the second consecutive day during the week, aided by positive global cues. The benchmark Sensex ended Tuesday's session at 57,897 - a gain of 477 points, or 0.8 per cent. The Nifty, on the other hand, ended the session at 17,233 - a gain of 147 points, or 0.86 per cent.

The S&P 500 on Monday hit another record high on the back of strong US retail sales data. The S&P 500's record close improved sentiment on the resilience of a global recovery amidst Omicron concerns.

"The market seems to have got its mojo back just before