Maruti was the top gainer in the Sensex pack, rising over 1 per cent, followed by Titan, Infosys, Tata Steel, M&M, Asian Paints and Nestle India.
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Also read: Sensex, Nifty start on flat note amid mixed global cues
"Market mood is changing fast. The major positives for the market now are the steadily declining fresh Covid-19 cases (around 37,000 on Tuesday) and fast-rising vaccinations, which will facilitate further easing of restrictions and rebound in economic activity," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The fact that FIIs have ceased selling and the DIIs have turned aggressive buyers is a strong positive. Therefore, it is quite possible that the market may again favour the bulls and the 'buy on dips strategy' may resume, he stated.
Elsewhere in Asia, bourses in Shanghai, Seoul and Tokyo were trading with gains in mid-session deals, while Hong Kong was in the red. Equities on Wall Street too ended on a positive note in the overnight session. Meanwhile, international oil benchmark Brent crude was trading 0.43 per cent higher at USD 74.60 per barrel.
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