Indian equity benchmarks snapped their five-day losing streak on Tuesday paced by gains in metal, real estate, oil & gas and auto stocks. The benchmarks staged a gap up opening wherein the Sensex surged over 550 points and Nifty 50 index moved above 14,850. However, indices came off their highs in afternoon trading as investors seemingly took some profits off the table.
The Sensex ended 7 points higher at 49,751 and Nifty 50 index rose 32 points to settle at 14,708.
Metal stocks outperformed the benchmarks for second straight session riding on surge in copper prices in international markets. Oil marketing companies also witnessed buying interest tracking higher crude oil prices.