Markets bounce from Evergrande-led selloff, Sensex ends 514 points up

Post global cues, rebound in metal, realty stocks improves investor mood

The benchmark equity indices bounced back after falling in the previous two sessions as investors looked to shrug off the fears of contagion from a potential collapse of China’s Evergrande. Shares of metal and real estate companies saw a sharp rebound improving investor mood. Most global markets also rallied even as investors remained cautious ahead of the US Federal Reserve policy meeting.

Experts said the concerns surrounding real estate firm Evergrande's debt crisis moderated which led to an improvement in risk appetite.

The benchmark Sensex on Tuesday ended the session at 59,005, a gain of 514 points or 0.8 per