In highly volatile trade, the benchmark Nifty snapped its two-session fall to rebound 52.10 points to finish higher at 7,562.40 today amid a rally in key index heavyweights on the back of firm global cues.
The index opened on a positive note on higher Asian cues. However, later intense volatility amid selling pressure led it to a low of 7,425.80 before firm European trend and buying in key index heavyweights of Reliance and Infosys ahead of its third-quarter results coupled with value buying lifted the index to mark an intra-day high of 7,590.95.
The buying was led by energy, banking, IT, auto, FMCG, and financials, while infra, realty, metal, pharma and PSU banks dragged.
Second-line shares of small-cap and mid-cap indices incurred extensive profit booking.
The 50-share Nifty resumed higher at 7,557.90 and moved in a range of 7,590.95 and 7,425.80 before ending at 7,562.40, up by 52.10 points, or 0.69 per cent.
Elsewhere, barring China stocks which ended lower, Asian market ended higher after Chinese trade data for December 2015 beat expectations, even as Chinese authorities guided the yuan in a stable range for the fourth day in a row.
European shares were trading higher in afternoon trade.
Nifty gainers include Infosys (3.19 per cent), RIL (3.00 per cent), Tata Motors (2.70 per cent), IndusInd Bank (2.53 per cent), HCL Tech (2.02 per cent) and HDFC (1.37 per cent).
Notable losers were Vedanta (3.92 per cent), Idea (3.77 per cent), Adani Ports (2.70 per cent), Bharti Airtel (2.16 per cent) and TCS (2.06 per cent).
Turnover in cash segment climbed to Rs 22,575.92 crore from Rs 16,146.73 crore yesterday. A total of 14,442.94 lakh shares changed hands in 93,18,253 trades.
The market capitalisation of NSE stood at Rs 93,97,885 crore.
