New Delhi, Oct. 13 -- Strong buying in technology stocks following HCL Technologies' upbeat September-quarter performance powered a solid rally on Dalal Street on Tuesday. A recovery in the domestic currency, along with a pullback in crude oil prices, also aided the much-needed rebound.

The Nifty 50 climbed 1.60% to settle at 22,721, while the Sensex closed at 73,033, up 1.54% from Monday's close.

After facing sustained selling pressure, the markets finally caught a breather as the September-quarter earnings season got underway, with early results from the technology sector providing a positive surprise. A reassessment of the global artificial intelligence (AI)-led trade, amid concerns over elevated valuations, may also have encouraged ...