Sensex, Nifty Snap Two-Day Losing Streak Led By Banking, Auto Shares

Nine of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty PSU Bank index's over 4 per cent gain.

The Indian equity benchmarks rebounded strongly on Tuesday from a sharp selloff in the previous session on the back of strong buying interest in banking, financial services, auto and metal stocks. The Sensex rose as much as 744 points and Nifty 50 index moved above its imprtant psychological level of 14,500. The Sensex ended 1.38 per cent or 661 points higher at 45,544 and Nifty 50 index climbed 194 points or 1.36 per cent to settle at 14,505. Nine of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty PSU Bank index's over 4 per cent gain.