Sensex snaps 5-day losing run, ends 367 pts up; Nifty holds 17,250

Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close

Closing Bell

Equity markets reversed losses during the second half of the trading session as global markets looked to stablise post a manic Monday. Indian stock markets snapped their five-day bear hammering, with benchmarks ending 0.6 per cent higher on Tuesday.

The S&P BSE Sensex had opened with a massive downside gap of over 300 points. It, then, extended its losses to hit a low of 46,410, sliding 1,082 points in early deals. However, bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858