Ahead of the second round of a three-year LTRO (long term refinancing operation) by the European Central Bank (ECB), the Indian equity markets rebounded smartly on Tuesday, retracing some of the losses made in the Monday’s massive plunge.Both the benchmark indices, the 30-share Sensex and the 50-share Nifty, which had lost close to 2.5% on Monday retraced 1.7% on Tuesday as traders braced themselves for another round of liquidity injection in the European markets which could prolong the momentum of foreign fund inflows into the Indian market.The Sensex added 285.37 points to close at 1,7731.1 while the Nifty advanced by 94 points and ended the session at 5,375.5.
Source: Financial Express
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