Indian market recovers during early trade, Sensex rises by 1,000 points

Nifty and Sensex moved up by over 1.5 per cent, with Nifty trading above 22,500 and Sensex above 74,200, a relief to traders a day after the market registered a severe fall amid fears over possible trade war and recession.

At 10.14 am, Sensex traded 688 points higher at 73,826.69.

Nifty, on the other hand, jumped up 240.05 points to trade at 22,401.65.

Experts told Zee Business that as the trade war situation is emerging the issue can likely be restricted majorly to the US and China.

During Monday's negative movement, key stocks that were badly hit were metals by 6.22 pc, followed by realty by 5.69 pc, commodities by 4.68 pc, capital goods by 4.34 pc and consumer discretionary goods and services by 3.79 pc.

The mid cap declined by 3.46 pc and the small cap by 4.13 pc.

The losers were Tata Steel by 7.73 pc, L&T by 5.78 pc, Tata Motors by 5.54 pc, Kotak Bank by 4.33 pc and M&M by 4.11 pc, UNI reported.

Asian Markets

Asian markets, which recorded a similar fall, showed recovery on Tuesday and mirrored a positive sentiment.

At the last count, the key MSCI Asia ex Japan index traded with a negative bias of 0.09 per cent. In the previous session, the index recorded its worst fall since 2008, reported Zee Business.

Traders are now keeping a close eye on Trump's threat of imposing more tariffs on China, which can have a severe impact on the market.