Sensex and Nifty snapped a 5-day losing streak and closed Tuesday’s volatile trade session on a higher note. Index heavyweights like HDFC-twins, Kotak Bank, Infosys, Axis Bank, HUL, Maruti Suzuki and ITC were the top contributors to the Sensex index.
The BSE Sensex index shuttled between 36,705.79 and 36,064.10 points to finally end the day 347.04 points or 0.96% higher at 36,652.06 points. The Nifty 50 index of the NSE settled at 11,067.45 points, up 100.05 points or 0.91%.
Among the most noticeable movements in the market was the sudden plunge in the stock of Yes Bank, which fell to below Rs 200, down 9% from the previous close. However, the shares recovered to finally close the day 2.83% lower. DHFL shares, which slumped nearly 34% during afternoon deals, recovered nearly 16% from its day’s low to finally close trade down 23.49% at Rs 300.70.
Initially, the share market had opened on a lower note tracking weak global cues and a lower opening of the Indian rupee. Asian stocks struggled on Tuesday as a fresh round of U.S.-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth, said a Reuters report.