Mumbai, Oct 15 (IANS) Trade-related optimism kept the sentiments in the global markets upbeat on Tuesday. In India, the Sensex closed 291 points higher while the Nifty finished at 11,428.
Green shoots from US-China trade talks added positivity while outperformance in domestic auto stocks in expectation of festival demand further lifted the sentiment, said Vinod Nair, Head of Research, Geojit Financial Services.
Analysts said that markets finished in the green also because the FIIs have been net buyers in the last two days, given the stability in global market.
The Sensex finished at 38,506.09, up 291.62 points while the Nifty gained 87.15 points to end at 11,428.30.