After surging over 1,000 points intraday, the benchmark BSE Sensex settled just 200 points higher on Tuesday, while the Nifty50 closed above the 23,500 mark. Gains in HDFC Bank and Mahindra and Mahindra drove the indices, with analysts attributing the rise to a short-term relief rally.
The 30-share BSE benchmark Sensex surged 239 points or 0.31% to settle at 77,578. The broader NSE Nifty gained 65 points or 0.28% to end at 23,518. During the session, Sensex touched day's high of 78,451,