Sensex snaps 2-day losing run, rebounds 887 pts; Nifty ends above 17,150

Recovering from a two-session carnage, equity benchmark Sensex rebounded 887 points on Tuesday, led by gains in index majors ICICI Bank, HDFC twins and Infosys amid a positive trend in global markets. According to experts, global equity markets are slightly relieved after studies pertaining to the Omicron strain of COVID-19 suggest that even though it is fast spreading, it is largely milder than the Delta variant. The 30-share BSE Sensex ended 886.51 points or 1.56 per cent higher at 57,633.65. Similarly, the broader NSE Nifty rallied 264.45 points or 1.56 per cent to 17,176.70.