Sensex pares gains, ends 497pts higher led by RIL, IT; MapmyIndia gains 33%

The BSE Midcap and Smallcap indices were up around 1.5 per cent each. Metal, IT, Consumer Durables indices logged smart gains

Closing Bell

The key benchmark indices bounced back in trade on Tuesday in tandem with global equity markets as investors looked for value in beaten down shares. IT, metals and index heavyweight Reliance Industries led the up move, while financials pared gains in the latter half of the trading day.

The BSE benchmark index, the Sensex, opened with a positive gap of almost 500 points at 56,320, and went on to rally to a high of 56,901 - up 1,079 points from the previous close. The BSE benchmark, however, pared gains towards the end of the day and