Sensex jumps 250 pts, Nifty below 17,300; Auto, pharma gain

Indian indices witnessed a positive start on Tuesday amid positive global cues. Volatility was seen in the markets on Monday due to hopes of progress in Russia-Ukraine ceasefire talks and dip in oil prices.

The trend is likely to continue as uncertainty around the commodity prices remain. The oil brought some good news as it extended its slide amid concerns that China's Covid-19 restrictions might sap demand.

The investors are likely to be cautious going forward as earnings downgrades are on the way. However, the Wall Street indices advanced after Monday's session, shedding worries over rising interest rates.

In Asia, shares in Japan, South Korea, Shanghai, Hong Kong, and Australia were all trading in the green in early trade on Tuesday.