The Indian stock market extended sharp gains on Tuesday, with Sensex and Nifty rising up to nearly 1% each as cooling oil prices, strong Q2 updates and other factors boosted investor confidence for the second consecutive session following an incessant selloff.
Sensex rose over 685 points to close at 73,068, while Nifty 50 gained over 220 points to end the session at 22,776. The gains added nearly Rs 5 lakh crore to the total market capitalisation of all companies listed on BSE, pushing it near Rs 474 lakh crore.