Equity markets reversed losses during the second half of the trading session as global markets looked to stablise post a manic Monday. Indian stock markets snapped their five-day bear hammering, with benchmarks ending 0.6 per cent higher on Tuesday.
The S&P BSE Sensex had opened with a massive downside gap of over 300 points. It, then, extended its losses to hit a low of 46,410, sliding 1,082 points in early deals. However, bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close.
The NSE Nifty followed suit with the index hitting a low of 16,837 in opening deals. It,