Zee Media Bureau
New Delhi: The market was on fire on Tuesday with the Sensex soaring 521 points, its biggest single-day gain in nearly five months. In the process, it also reclaimed the 28,000-mark.
This gain by the Sensex comes as a surprise considering that it had fallen to a 3-month low in Monday due to muted Q2 earnings and fear of US rate hike.Moreover, pandits had earlier predicted that quarterly earnings of companies would determine the markets in the coming week.
So, what made the Sensex to zoom over 500 points all of a sudden?
Various factors appeared to have played a major role in it.
Let's take a look at some of major factors that played a roll in the super Tuesday market roll.