Bulls roar back! Sensex gains 887pts, Nifty ends 265pts higher; Banks lead

The broader indices also surged over a per cent each, and gainers outnumbered losers in 2.5:1 ratio

Closing Bell

The bulls roared back on Dalal Street on Tuesday as globally fears of a significant impact on economic recovery owing to Omicron variant receded. Further, investors lapped up banking shares a day ahead of the MPC (Monetary Policy Committee) meeting outcome.

After having shed over 1,700 points in the preceding two trading sessions, the BSE Sensex opened with a positive gap of 378 points, and mopped-up gains as the day progressed rallying all-the way to a high of 57,906. The Sensex pared some gains at close, still finished a healthy 887 points stronger at 57,634. The Nifty