Domestic stocks sizzled with high volatility throughout the session, but final hours of session pushed the benchmark higher wiping previous losses. The fact behind the rise is that after Bloomberg reported that the United-States & China are moving closer to an agreement on the number of tariffs to be rolled-back in the first-phase trade deal.
Elsewhere, the stocks internationally took a beating in early trade, after US President Trump said on Tuesday that a trade agreement with China might have to pause until after the presidential polls in Nov. 2020.
The Sensex closed higher by 175-points at 40,850-key level, while the Nifty recorded at 12043, up by 443 points in trade.
Metal-companies’ stocks which were the top-selling zone in early trading, have come out as the day’s top gainers. The Nifty metal index was recorded higher by 1.55-pc at the closing hours.
TataMotors share price advanced over 7pc to Rs.169.30-per share, and was among the most active stock on the Nifty, while Larsen&Toubro (L&T) was the biggest loser, falling 2.26-pc to Rs1283.50-per share on the NSE.