Mumbai: The sensex reversed its two-session losing streak with an 887-point surge on Tuesday as fears about the impact of the Omicron variant on the global economy abated and financial stocks led during the day. The day’s rally, which helped the sensex close 1.6% higher at 58,634 points, was also backed by strong gains in the US market on Monday night, traders said.
Investors on D-Street are now watching the decision of the RBI’s monetary policy committee (MPC), set to be announced on Wednesday morning. Additionally, a segment of market players is turning cautious as foreign portfolio investors (FPIs) are continuing to take money out of India.
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