Sensex snaps 2-day slide as global markets regain footing despite coronavirus overhang
India TodayMarkets snapped their two-session slide to close with smart gains on Tuesday, mirroring optimism in the global markets as investors wagered on limited economic impact of the coronavirus outbreak. Led by gains in index heavyweights RIL, ICICI Bank and HDFC, the 30-share BSE Sensex settled 236.52 points, or 0.58 per cent, higher at 41,216.14. Global markets rose as China re-opened for business after a forced extension to the Lunar New Year holiday because of the coronavirus outbreak, which has killed over 1,000 people and disrupted major global supply chains. BSE utilities, power, metal, bankex, energy, healthcare and consumer durables indices rose up to 1.68 per cent, while FMCG and telecom closed in the red. Broader BSE midcap rose 0.35 per cent, while smallcap index slipped 0.18 per cent.