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Indian benchmark indices, the Nifty and the Sensex, almost regained on Tuesday, what they lost the previous day.
The Nifty closed at 5,199.25, up 2.2 per cent (112 points), while the Sensex ended at 17,194, up 1.96 per cent (330 points).
“The rally is purely driven by liquidity from FIIs,” said a dealer from an Indian brokerage.
All indices on the NSE and the BSE ended in the green. Volatility was down three per cent and the India Vix closed at 22.66.
Hindalco, RCom, Sesa Goa, IDFC and Axis Bank were the top gainers on the NSE while Coal India, Siemens, PNB, Cairn and Maruti were the top losers.
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