Markets zoom over 2.5%; Sensex, Nifty post second-biggest gain of 2022

India’s benchmark indices posted one of their biggest gains of the year on Tuesday amid positive momentum in global markets following this month’s crash. Investor sentiment was seen improving after China, the world’s second-largest economy, relaxed lockdowns in Shanghai and reaffirmed support for internet companies.

The Sensex soared 1,344 points, or 2.54 per cent, to end at 54,318, and the Nifty50 index surged 417 points, or 2.63 per cent, to 16,259. This was the biggest single-day gain for both the indices since February 15, when they had climbed over 3 per cent each.

Foreign portfolio investors (FPIs) sold shares worth Rs 2,192