Mumbai: The BSE benchmark Sensex recovered by 192.84 points and the NSE Nifty reclaimed the 12,000 level on Tuesday as no fresh aggressive moves from the US and Iran helped crude prices ease.
After rallying 553.51 points during the session, the 30-share BSE index ended 192.84 points, or 0.47 percent, higher at 40,869.47.
#MarketAtClose | Market closes in the green but off highs. Sensex slips 361 points from highs to close with a gain of 193 points; Nifty ends 60 points higher after a 147-point trading range pic.twitter.com/ZaVwLP5OXx
— CNBC-TV18 (@CNBCTV18Live) January 7, 2020
Similarly, the broader Nifty rose 59.90 points, or 0.50 percent, to finish at 12,052.95.
In the Sensex kitty, Ultratech Cement was the top gainer, rising 2.10 percent, followed by HDFC Bank, Reliance Industries Sun Pharma, NTPC and Asian Paints.
On the other hand, Infosys, ICICI Bank, Bharti Airtel, Nestle India, Hero MotoCorp and PowerGrid ended in the red.
According to traders, domestic investors followed global stocks that rebounded after a day of no escalation in the US-Iran tussle.
The Pentagon on Monday distanced itself from US President Donald Trump's assertions that he would bomb Iranian cultural sites despite international prohibitions on such attacks.
Iran's parliament, meanwhile, passed a bill on Tuesday designating all US forces "terrorists" over the killing of a top Iranian military commander in a US strike last week.
Brent crude oil futures slipped nearly 0.26 percent to $68.73.
The rupee appreciated 10 paise against the US dollar to 71.83 (intra-day).
Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended significantly higher. European markets were also trading on a positive note in early sessions.
Investors, however, turned cautious ahead of the release the first advance estimates of the GDP for FY20 scheduled to be released later in the day.
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Updated Date: Jan 07, 2020 16:15:01 IST