Sensex sees 1,500-point swing on gains in European and US futures market

Gains in European, US futures help index stage a comeback

The benchmark Sensex tumbled nearly 1,200 points in opening trade on Friday, following Thursday’s near-7-per-cent drop in the US markets on concerns of a second wave of infections.

However, it saw a dramatic rebound later, thanks to gains in the European and US futures market.

The Sensex closed at 33,781, up 243 points or 0.72 per cent. In a volatile session, the index swung 1,508 points, touching an intra-day low of 32,348 and high of 33,856. The Nifty ended at 9,973, up 71 points or 0.72 per cent. It scaled a low of 9,544 and high of 9,996 during the