Sensex Snaps Three-Day Losing Streak, Ends 187 Points Higher; Nifty At 17,267

In the broader markets, the BSE Smallcap was hit harder as it declined 1.4 per cent on the exchange on Tuesday. The BSE Midcap index, meanwhile, sank 0.45 per cent

New Delhi: After oscillating between gains and losses throughout the day, the Indian equity benchmarks, Sensex and Nifty, on Tuesday ended day’s trading in the positive zone, snapping a three-session losing run, led by strong buying interest in banking and metal stocks.

The 30-share Sensex rose 187 points to settle at 57,809 in a highly volatile trading session, while the broader NSE Nifty moved 53 points to close at 17,267.

The 30-pack index was lifted by Tata Steel (up 3 per cent), RIL (up 2 per cent), Bajaj twins, and Asian Paints.

Titan Company, Axis Bank, Maruti Suzuki, Sun Pharma, ICICI Bank, and Bharti Airtel were other top gainers, rising between 0.35 per cent and 1 per cent.

10 out of the 15 sector gauges, compiled by the NSE, settled in green. Nifty PSU Bank and Nifty Metal outperformed the index by rising as much as 0.82 per cent.

In the broader markets, the BSE Smallcap was hit harder as it declined 1.4 per cent on the exchange on Tuesday. The BSE Midcap index, meanwhile, sank 0.45 per cent.

Meanwhile, edible oil major Adani Wilmar shares on Tuesday made a mute market debut but later recovered the lost ground to surge over 17 per cent against the issue price of Rs 230.

The stock made its debut at Rs 221, a discount of 3.91 per cent from the issue price on the BSE. However, later the shares recovered. Similarly, at the NSE, it declined 1.30 per cent to list at Rs 227, then bounced back and zoomed later in the day.

At 12 pm, Adani Wilmar, the joint venture between Adani Group and Wilmar Group of Singapore, was trading at Rs 258 apiece, up 17.15 per cent. The company has a market valuation of Rs 31,770.64 crore on the BSE.

On the previous day, Sensex sank 1,024 points to close at 57,621, while the broader NSE Nifty fell 303 points to settle at 17,214.