Both the BSE Sensex & the NSE Nifty rose marginally on Tuesday to end a seven-session losing streak as defensive stocks, such as HUL & ITC rose amid continued concerns about political stability and about how aggressively the central bank will cut interest rates.
ITC rose 1.3 per cent, while Hindustan Unilever ended up 2.5 per cent. Bharti Airtel rose 3.08 per cent. HDFC, Tata Motors, Ranbaxy Labs & Coal India were other notable gainers.
However, other blue chips extended recent falls. Reliance Industries fell 3.2 per cent, while Larsen & Toubro ended 2.12 per cent lower. Tata Steel, Reliance Infra, BHEL & DLF also lost significant ground.
The BSE index gained 23.11 points to close at 18704.53, rebounding from its lowest close since November 26, 2012. The 50-share NSE Nifty ended up 7.75 points to close at 5641.60.