NSE Nifty surged 86 points and closed at 17,503 levels, BSE Sensex added 198 points and closed at 58,664 levels whereas Nifty Bank index went up 144 points and closed at 37,272 levels.
On a day when the volumes on the NSE were higher than the recent average, IT was the only sector that ended in the negative.
Unveiling day trading guide for Wednesday; Nagaraj Shetti, Technical Research Analyst, HDFC Securities said, “The short term down trend seems to have halted in Nifty with sustainable upside bounce on Tuesday.