The markets rose on Tuesday after three sessions of losses, with traders citing continued buying from foreign institutional investors despite a federal budget on Friday that largely disappointed markets.
Foreign investors bought a net Rs 9.18 billion in Indian stocks on the day of the budget on Friday, according to SEBI data, and a provisional Rs 1.6 billion on Monday, according to NSE data.
In the near-term, the 200-day moving average at around 5,200 points is expected to provide support for the Nifty index, analysts said.
The Nifty was last up 0.6 per cent, after dropping nearly 4 per cent over the previous three sessions. The BSE index was up 0.6 per cent.
Copyright @ Thomson Reuters 2012
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