Gains in banking stocks help Sensex, Nifty end a five-day losing streak

New Delhi: The Indian equity indexes ended the day in the green on Tuesday, reversing a five-session losing trend fueled by robust demand for banking stocks. In a highly tumultuous trading session, the 30-share BSE Sensex jumped 367 points, or 0.64 percent, to end at 57,858 points, while the broader NSE Nifty rose 129 points, or 0.75 percent, to conclude at 17,278 points. Both indices fluctuated between gains and losses throughout the day before settling in the positive territory. After touching intraday lows of 56,410 and 16,837, the Sensex and Nifty staged a robust comeback in late trading.

Mid- and small-cap stocks finished the day higher, with the Nifty Midcap 100 index up 1% and small-cap stocks up 0.90 percent.

The National Stock Exchange's 15 sector indices all finished the day in the green. By as high as 4.24 percent, Nifty PSU Bank beat the index. The Nifty IT index fell 0.33 percent Wednesday, extending its downward trend.

On a stock-by-stock basis, Maruti Suzuki India was the highest Nifty gainer, jumping 7.42 percent to 8,650.10. The gainers included Axis Bank, SBI, IndusInd Bank, and UPL. Wipro, Bajaj Finserv, Titan, UltraTech Cements, and Tech Mahindra, on the other hand, were among the losers.

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