Sensex, Nifty Recover Most Of The Two-Day Fall; Metals, Banks Outperform
Indian equities staged a rebound on Tuesday, recovering most of the losses made on Friday and Monday.
The S&P BSE Sensex ended 1.7% higher at 49,398. The index gained 834 points in today's session, narrowing the gap to 50,000 down to 600 points.
The NSE Nifty 50 index also gained close to 250 points in today's session, ending 1.7% higher at 14,521.
Among the sectoral indices, the real estate index was the top performer in today's session, ending 4.1% higher. The Metal index, which was the top laggard on Monday, recovered most of its losses to end with gains of 3%. Other indices which gained over 2% were the PSU Bank index (up 2.7%) and the Media index (up 2.5%).
The Nifty Bank index too gained over 600 points in today's session to end at 32,424. The Nifty Pharma and Nifty Auto index gained 1.7% each.
Broader markets also ended higher in today's session. The Nifty Midcap index gained 2.3% while the Smallcap index ended 1.7% higher.
The India Volatility Index ended 6.1% lower at 22.9.
1,413 stocks on the NSE ended with gains while 482 stocks ended lower.