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NEW DELHI: Buying by domestic institutional investors in the backdrop of easing macro cues such as recovery in the rupee and easing crude oil prices, helped market log gains on Tuesday.
After plunging 34 paise on Monday, Indian rupee recovered on Tuesday against the US dollar.
At the time of writing this report, the rupee was trading 15 paise up.
Gains in pharma, IT, auto and oil gas stocks kept the market up even as global cues remained mixed.
Sensex opened with a tepid gain and soon turned red following Asian peers.
However, it staged a rebound and climbed 181 points to touch the intraday high of 35,445.
The headline index eventually closed the day at 35,379, up by 114 points, or 0.32 per cent, with 18 stocks advancing and 13 declining in trade.
The Nifty50 clocked a gain of 43 point, or 0.40 per cent, settling at 10,700, with 32 stocks in the green, 17 in the red and one stock unchanged.
Broader BSE Midcap and smallcap indices outperformed Sensex with gains of 0.69 per cent and 0.44 per cent, respectively.
Sun Pharma, Maruti, Infosys and ONGC featured among the top gainers in the Sensex kitty, while Vedanta, ICICI Bank, HDFC and State Bank of India stood as the top losers in the index.
Shares of Infosys hit fresh 52-week highs of 1,358 on Tuesday, eventually closing the day at Rs 1,353.65, up 1.44 per cent on BSE.
Shares price of the company have rallied around 30 per cent on a year-to-date basis.
The scrip was at Rs 1,034.6 on January 1 this year.
Falling rupee has lifted IT stocks in the recent past.
ONGC jumped 1.28 per cent after the company's board has given in-principle approval for exploring options for a restructuring of the group firms including the merger of subsidiaries MRPL and HPCL.
Hero MotoCorp climbed 1.07 per cent on reports that the company sold 7,04,562 two-wheeler units in June 2018, a 13 per cent increase from 6,24,185 units sold in June 2017.
Shares of Jindal Steel and Power closed the day nearly 1 per cent up on news that it has achieved highest ever first quarter domestic steel production.
On the other hand, Vedanta plunged 3.25 per cent, settling at Rs 230.95 after the group's decision to delist Vedanta Resources from the LSE in $1.1 billion share buyback.
Among the sectoral indices, BSE Metal and BSE Bankex declined 0.27 per cent and 0.19 per cent, respectively, while consumer durables, capital goods, telecom and finance settled with nominal losses.
European shares edged higher on Tuesday, while Asian shares too recouped some of their losses, Reuters reported.
Major European markets were trading nearly 1 per cent up at the time of writing this report.
Shanghai SE Composite Index closed with a gain on 0.41 per cent, but Hang Seng suffered a loss of 1.41 per cent.
