Sharing a positive breadth, sectors such as banking traded in green, while pharmaceuticals, metals and auto too traded higher.
Bears took over Dalal Street on Tuesday as Sensex nosedived to 37,413.13, shedding 500 points, while Nifty closed at 11,287.50 points. Lingering trade war worries witnessed emerging-market stocks detoriated to a fresh 15-month low.
The market on Tuesday opened on a positive note with the Sensex rising over 100 points, while the Nifty trading a percent higher. The Sensex traded up 120.42 points at 38042.59, while the Nifty was up 31.70 points at 11469.80.
Sharing a positive breadth, sectors such as banking traded in green, while pharmaceuticals, metals and auto too traded higher.
The Indian rupee opened higher by 15 paise at 72.30 per dollar, after Monday?s record closing low of 72.45 per dollar, down by 72 paise against Friday's close of 71.73.
However, in afternoon session, markets soon turned choppy on weak global cues amid lingering global trade war concerns.
The 30-share index opened higher by 95.32 points, or 0.25 per cent, at 38,017.49. It, however, turned choppy and was trading 8 paise, or 0.02 per cent, higher at 37,930.97 at 0930hrs.
The gauge had lost 467.65 points in the previous session.
Today's top gainers were Coal India and M&M while Tata Steel, Power Grid, and Titan lost the most.
Meanwhile, Investor wealth eroded by Rs 1.96 lakh crore Monday following slump in the equity market where the BSE benchmark index tanked more than 1 per cent.
Following slide in stocks, the market valuation of BSE- listed companies plunged Rs 1,96,130.84 crore to Rs 1,55,43,657 crore at close of trade Monday.
"Markets slid as fears of escalating US-China trade war dented the confidence," said Vinod Nair, Head of Research, Geojit Financial Services.
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