Benchmark indices snap 2-day losing run; Sensex rises 776 points

The Indian benchmark indices rebounded on Tuesday amid positive global cues and buying in index heavyweights. The Sensex ended the session at 57,356, with a gain of 776 points, or 1.37 per cent. The Nifty50, on the other hand, finished at 17,201 points, with a gain of 247 points, or 1.46 per cent.

One of the factors that lifted sentiment was China’s pledge to boost monetary-policy support to bolster its Covid-19-hit economy. It came a day after the Chinese stocks had dropped to their lowest level in two years as Covid-triggered lockdowns there raised concerns about the global economic outlook. Overnight