Sensex was trading with marginal gains of 47 points or 0.10% at 48,851 and Nifty 50 was at 14,614 rising 32 points or 0.22%.
Nifty Metal gained 2.81%, Nifty Bank was up 0.86% and Nifty FMCG & Nifty Pharma rose 0.50%.
Benchmark Indian equity indices ended with strong gains on Tuesday, recovering from Monday's steep selloff led by broad-based buying in late trade
Nifty Auto index leads the sectoral indices with gains of 4.28%, followed by Nifty Metal & Nifty Bank rallying over 3%.
ONGC, M&M, PowerGrid, Bajaj Finance and L&T were the top gainers on the Sensex.
Sensex was nosedived 1,707 points or 3.44% at 47,883, and the Nifty tanked 524 points or 3.53% at 14,310.
Bloodbath in the broader market was even worse as BSE MidCap and BSE SmallCap indices tumbling 4.79% and 4.17%, respectively.
The Dollar Index, which measures the U.S. currency against a basket of six peers, will also be closely watched
Even though the monetary policy missed aggressiveness, there was not much the RBI could do considering the current economic environment
Equity indices snapped a three-day winning streak amid rising COVID-19 cases and a shortage of vaccines and medicines. The 30-share index Sensex ended