The Indian stock market opened on a positive note on Tuesday, with the Sensex and Nifty 50 indices witnessing significant gains in early trade.
However, market volatility persisted due to ongoing uncertainty linked to the Strait of Hormuz.
The Nifty 50 opened at 22,878.45, gaining 365.80 points or 1.62 per cent, while the BSE Sensex surged by 1,516.08 points or 2.09 per cent to open at 74,212.47.
Market experts noted that despite the recovery, uncertainty continues to weigh on investor sentiment.
Global cues remain mixed, with Asian markets giving up some of their opening gains, oil prices slightly up, and US stock futures negative 0.4 per cent.
Crude oil prices continued to remain elevated, with Brent crude trading at USD 104 per barrel.
Sectoral indices on the NSE showed broad-based buying, with all sectors opening in the green.
