Ongoing bull market phase 'longest and slowest', says Morgan Stanley

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	Recouping all its Budget day losses, equity market staged a stellar rebound on Tuesday with the benchmark indices settling over 2 per cent higher. Brisk buying was witnessed across-the-board. Further, recovery in global markets too boosted investor sentiment. Saturday fall was a knee-jerk reaction but as investors realised that the budget will aid in the long-term growth of the economy, the market picked up, analysts said.&nbsp;</div>
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	The S&P BSE Sensex today added 917 points or 2.30 per cent to end at 40,789 levels.&nbsp;Barring HUL and Bajaj Auto, rest 28 stocks in the 30-share Sensex index ended in the green. Titan - up over 7 per cent emerged as the biggest gainer on the index after it announced Q3 results. <strong><a href="https://www.business-standard.com/article/markets/titan-co-jumps-7-post-q3-result-consolidated-net-profit-increases-15-yoy-120020400875_1.html" target="_blank">READ MORE</a>&nbsp; &nbsp;</strong><br />
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	ITC, Bajaj Finance, and Tata Steel were the other major gainers on the index.&nbsp;<br />
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		<strong><a href="https://www.business-standard.com/article/markets/five-reasons-for-the-800-point-rally-in-the-s-p-bse-sensex-on-tuesday-120020400633_1.html" target="_blank">Five reasons why S&P BSE Sensex rallied 900 pts today</a></strong><br />
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	On the NSE, the broader Nifty50 index closed at 11,980 levels, up 272 points or 2.32 per cent. Volatility index India VIX declined 9 per cent to 14.33 levels.&nbsp;</div>
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	Sectorally, all the indices except media ended in the positive territory. The Nifty Media ended 0.9 per cent lower at 1,777.60 levels.&nbsp;<br />
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	In the broader market, the Nifty Midcap index gained over 1 per cent to&nbsp;6,631 levels while the Nifty Small Cap index climbed 2 per cent to&nbsp;2,978-mark.&nbsp;<br />
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		<strong>GLOBAL MARKETS</strong></div>
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		World markets bounced on Tuesday, with Chinese stocks reversing some of a previous coronavirus-related plunge amid official efforts to soothe nerves over the spreading outbreak, though sentiment remained fragile with oil near 13-month lows. MSCI&rsquo;s main world index rose 0.4 per cent, led by gains in South Korea and Australia, the biggest leap in commodity-focused stocks in over three months.</div>
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		The Shanghai Composite closed up 1.3 per cent, while the blue-chip CSI300 rebounded 2.6 per cent after a near 8 per cent slide on Monday. Hong Kong&rsquo;s Hang Seng advanced 1.2 per cent.</div>
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		In the commodity markets, oil futures staged a modest rebound. Brent crude added 0.8 per cent to $54.90 a barrel, while US crude gained 1.1 per cent to $50.67.</div>
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		<strong><em>(With inputs from Reuters)</em></strong></div>
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MARKETS: Sensex zooms 917 pts, Nifty nears 12K; Titan rises 7%, ITC up 4%

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MARKETS: Sensex zooms 917 pts, Nifty nears 12K; Titan rises 7%, ITC up 4% | News on Markets - Business Standard

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MARKETS: Sensex zooms 917 pts, Nifty nears 12K; Titan rises 7%, ITC up 4%

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