Business Wrap: Market recovers from Monday blues, Evergrande crisis sends global stocks in panic mode
  • 3 years ago
After recording a sharp slide over the last three sessions, Indian shares closed higher in a volatile session on Tuesday as metals and tech stocks rebounded, while investors focused on a US Federal Reserve meeting due to end on Wednesday. The blue-chip NSE Nifty 50 index closed up 0.95% at 17,562.00, while the benchmark S P BSE Sensex rose 0.88% to 59,005.27. Meanwhile, stock markets around the world have been jittery as concerns keep growing over the possibility of massive defaults by one of the biggest Chinese real estate developers Evergrande Group.
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