Sensex and Nifty50 opened higher on Tuesday, rebounding from seven-month lows with gains in banking, auto, and energy stocks. Zomato soared over 3% following a significant block deal, while HCL Tech dropped nearly 8% after disappointing quarterly revenue results,

Mid- and small-caps witnessed a much-needed respite with gains of 1.7 percent and 1.5 percent, respectively. The broader market has had a terrible start to the new year, falling nearly 10 percent already.

The Sensex and Nifty50 bounced back on Tuesday afternoon, recovering from their seven-month lows seen in the previous session. Boosted by gains in banking, auto, and energy stocks, the BSE Sensex rose 250 points (0.

Sensex climbed 437.73 points or 0.57 per cent to 76,767.74. Nifty stood at 23,219.55, up 133.60 points or 0.58 per cent. In the broader market, every two stocks advanced for even one that declined.

Indian benchmark indices Nifty and Sensex started strong on Tuesday, ending a four-day losing streak, as investors reacted positively to CPI inflation easing to a four-month low of 5.22 per cent. Experts predict further inflation moderation,

The trends on Gift Nifty also indicate a gap-up start for the Indian benchmark index. The Gift Nifty was trading around 23,280 level, a premium of nearly 118 points from the Nifty futures’ previous close.