A day after facing the worst fall in the last 10 months, the stock markets rose rapidly on Tuesday as the benchmark Sensex rose by 1,089 points amidst strong purchases in Asian and European markets.

The 30 -share BSE Sensex jumped 1,089.18 points or 1.49 percent to close at 74,227.08, while its 29 components closed in green mark. During the day it rose 1,721.49 points or 2.35 percent to 74,859.39.

The NSE Nifty rose 374.25 points or 1.69 percent to 22,535.85. In day trading, the benchmark rose 535.6 points or 2.41 percent to 22,697.20.

The Sensex declined by 2,226.79 points or 2.95 percent and the Nifty fell by 742.85 points or 3.24 percent, the biggest decline in a day in 10 months, as the global equity markets went into a slowdown due to the fears of recession after the US tariff war.

On Tuesday, all the Sensex companies except the power grid ended in the positive field. Titan, Bajaj Finance, State Bank of India, Larsen & Tube, Axis Bank, Bajaj Finserv, Asian Paints and Jomato were the most profitable.

The world markets also made a comeback after Monday's decline.

In the Asian markets, Tokyo's Nikkei 225 index, Hong Kong's Hang Seng, Shanghai SSE Composite Index and South Korea's Kospi came into the positive area after a sharp fall on Monday. Nikkei 225 index rose by 6 percent.

European markets increased. The American markets closed mostly on Monday.

Foreign institutional investors (FIIs) sold shares worth Rs 9,040.01 crore on Monday, while domestic institutional investors (DIIs) bought shares worth Rs 12,122.45 crore, according to exchange data.

Global Oil Benchmark Brent crude rose 0.22 percent to $ 64.35 per barrel.

The benchmark index Sensex and Nifty recorded their worst one -day decline in 10 months on Monday, as investors are afraid that Trump's policies on mutual tariffs may cause recession and high inflation in the US.