Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.

Although they long for more clarity about tariffs, investors are nervous about sitting on the sidelines as stocks climb.

Today's sharp rebound followed Tuesday’s volatile session where the Nifty had tumbled over 400 points from its intraday high before closing near day’s low. This was largely due to profit booking after Monday’s euphoric ceasefire rally.

The S&P 500 on Monday was on track to close above its 200-day moving average, a key technical support level that could set the index up for further gains.

Zee share price has jumped more than 18% in the past six consecutive trading sessions. On Tuesday alone, Zee shares spiked 5.12% after a favourable ruling by Arbitral Tribunal in Siti Networks loan case.

UNH created headwinds for the price-weighted Dow on news that its embattled CEO, Andrew Witty, is stepping down.

The dollar fell and major U.S. stock indexes rose on Tuesday on news that U.S. consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that has wreaked havoc on global markets.

The 200-day moving average for the S&P 500 is the line in the sand between a sentiment-driven rally and a durable climb to new highs, market strategist says.