Closing stock markets (Image source: iStockphoto)

After a bloodbath on D Street, Sensex and Nifty made a reversal from Monday’s trajectory and rose nearly 1% and closed in the green on Tuesday.

The Sensex jumped 694.39 points to end the day at 79,476.63, meanwhile, the Nifty gained 217.95 points to close at 24,213.30.

Tata Steel, JSW Steel, Hindalco, Bajaj Autoand Axis Bank were among the best winners on the Nifty index. Trent, Adani Portsasian paints, ITC and Infosys were among top losers.

According to exchange data, foreign institutional investors (FIIs) sold shares worth 4,329.79 million lei and domestic institutional investors (DIIs) bought shares worth 2,936.08 million lei in the previous trading day.

Rupak De, Senior Technical Analyst, LKP Securities said, “Nifty has found support around an all-time low for the second consecutive day. Looking ahead, a buy-on-dips strategy could benefit traders as long as the Nifty remains above 24,000. On the upside, Nifty may advance in the range of 24,750-24,800. However, the buy-on-dips strategy needs to be revisited once the Nifty dips below 24000 again.”