New Delhi, March 24 -- Indian stocks saw renewed buying interest in Tuesday's session, March 23, as tensions in West Asia showed signs of de-escalation, bringing back demand for riskier assets, which were heavily sold off in recent sessions amid concerns of prolonged inflation, driven by stubbornly high energy prices.

The Nifty 50 surged 1.65% to the 22,883 level, recovering most of the previous day's losses, while the S&P BSE Sensex also climbed 1.87% to 74,059. The broader markets, too, staged a sharp recovery, with the Nifty Midcap 100 and Nifty Smallcap 100 indices each concluding with gains of 2.7%.

All major sectoral indices finished in the green, with Nifty Media leading the gains with a 3.40% surge, followed by Nifty Auto, Nifty...