Stock markets rose for the fifth day in a row on Tuesday with the Sensex gaining over 2000 points.
The 30-share Sensex of Bombay Stock Exchange finally ended at 10,631.12, up by 293.44 points, or 2.8 %. Its total gains in five straight sessions are now nearly 2100 points, a stark contrast to relentless decline seen last month during which it slumped to its lowest level in three years.
The wide-based National Stock Exchange index Nifty also gained 98.25 points, or 3.23 per cent at 3142.10.
Market analysts said markets were revived by reports of Finance Minister P Chidambaram’s comments that banks have assured him that they would consider the demand for lowering lending rates.