After a six-session losing streak, Indian shares rebounded on Tuesday as investors seized the opportunity to buy the dip. BJP’s better-than-expected performance in a state assembly election also boosted market sentiment.

Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 24,795.75, while Sensex ended at 81,050.00. Overnight, Wall Street indices ended lower. Asian stocks declined in early morning trade today.

The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,885 level, a discount of nearly 100 points from the Nifty futures’ previous close.

Stock Market LIVE Updates | Sensex and Nifty began the week on a positive note on Monday, supported by rising information technology stocks, after robust U.S. jobs data eased fears of a recession.