Stock markets bounce back on buying in metal, bank stocks; optimism over India-EU FTA

MUMBAI: (Jan 27) Equity benchmark indices Sensex and Nifty ended higher in highly volatile trade on Tuesday, buoyed by heavy buying in bank and metal stocks, a firm trend in global markets and optimism over India-EU FTA.

However, muted corporate earnings growth and continued flight of foreign capital from Indian equities restricted the gains, traders said.

The 30-share BSE Sensex climbed 319.78 points, or 0.39 per cent, to settle at 81,857.48. During the day, it hit a high of 82,084.92 and a low of 81,088.59.