Benchmark indices up for third straight day; Sensex rises 246 points

Equity indices overcame a wobbly start to clock gains for a third session on the trot on Tuesday, propped up by banking, metal and energy stocks amid a mixed trend in global markets.

A recovery in the rupee also bolstered sentiment, traders said.

The 30-share BSE Sensex advanced 246.47 points or 0.45 per cent to settle at 54,767.62 after starting the trade on a weak note. In a volatile session, the benchmark hit a high of 54,817.52 and a low of 54,232.82 during the day.

On similar lines, the broader NSE Nifty climbed 62.05 points or 0.38 per cent to close at 16,340.55.

Axis