Mumbai: The BSE Sensex snapped three-day losing streak and closed with moderate gains on Tuesday, though overall it was a consolidation session. The fall was arrested by Reliance Industries, ITC, SBI, and metals stocks while the upside was capped by ICICI Bank, L&T and Infosys.
The 30-share Sensex rose 42.81 points, to close at 17,316.18 after trading in a range of 17,211.73-17,410.13. Meanwhile, the 50-share Nifty gained 17.80 points at 5,274.85, even after fall in global markets.
Jyotivardhan Jaipuria, head of research at Bank of America Merrill Lynch expects markets to be rangebound, but he feels a further upmove in oil prices could lead to a sharper correction.
Global markets were down today; Asian markets like Shanghai and Hang Seng fell 1 per cent each. European markets too were down 1 per cent.
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