Indian equity markets continued their rise from Monday's losses, closing higher for the second consecutive day with buying seen across the board.

The S&P BSE Sensex closed 437 points higher at 46,444 while the NSE Nifty 50 index ended above the mark of 13,600, up 134 points at 13,601. Both the benchmarks have now recovered nearly 2% of Monday's 3% decline.

Major gainers in the Nifty Wipro, Cipla,  Tata Steel , Tata Motors and Hindustan Unilever while Losers Were Heromotocorp, Divislab, Titan, NTPC and Powergrid.

Among the sectoral indices, Realty and Media were the outperformers in today's session. The Nifty Realty index gained nearly 4% while the Media index rose 3.3%. The Nifty I.T. index continued its winning run, gaining 2.4% to end at another record high. The PSU Bank index gained 2.1% while the FMCG index rose 1.9%.

Broader markets outperformed with The Nifty Midcap index ended 2.4% higher while the Smallcap index rose 2.7% ahead of the weekly options expiry session tomorrow. 1,603 stocks on the NSE ended with gains while 303 reported losses.

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