Markets recover after a three-day decline due to confidence in global equities

Following three days of declines, equity benchmark indexes recovered on Tuesday due to improvement in global markets and purchasing after HDFC Bank reported its quarterly profits.

The 30-share BSE Sensex gained 261.16 points, or 0.39 percent, to close at 66,428.09 on the index of 30 stocks. It increased by 392.89 points, or 0.59 percent, to 66,559.82 over the day.

To reach 19,811.50, the Nifty increased by 79.75 points, or 0.40 percent.

Power Grid, Tech Mahindra, Bajaj Finserv, ITC, Bharti Airtel, Nestle, NTPC, Bajaj Finance, Reliance Industries, Infosys, and HDFC Bank were among the Sensex companies that had the most gains.

After merging with parent business HDFC, the company announced its first quarterly profits with a combined net profit of Rs 16,811 crore for the September quarter. This helped HDFC Bank close almost 1% higher.

Those who lagged behind included Tata Motors, Larsen & Toubro, IndusInd Bank, Tata Consultancy Services, JSW Steel, and Mahindra & Mahindra.

Seoul, Tokyo, Shanghai, and Hong Kong had positive closing prices in Asian markets.

Markets in Europe were trading in the black. The US stock markets had increased Monday night.

Benchmark Brent crude for all crude oil increased 0.48 percent to $90.08 per barrel.

According to exchange statistics, foreign institutional investors (FIIs) sold shares of stock worth Rs 593.66 crore on Monday.

The BSE benchmark dropped 115.81 points or 0.17 percent on Monday to finish at 66,166.93. To 19,731.75, the Nifty fell 19.30 points or 0.10 percent.