Indian equities ended higher for the second straight session, erasing the losses made over Friday and Monday.
The S&P BSE Sensex reversed after coming as much as 120 points close to the mark of 50,000. The index ended 0.8% higher at 49,792, correcting as much as 80 points from the highest point of the day.
The NSE Nifty 50 ended near the day's high with gains of 0.85% at 14,644.
Autos, I.T. and PSU Banks were the outperformers in today's trading session. The Nifty Auto and I.T. indices ended with gains of 2.2% each while the PSU Bank index gained 2.1%.
Among other indices that did well were the Nifty Media index which gained 1.1% and the Nifty Metal index ended 0.9% higher.
The FMCG index was the only sectoral laggard in today's session, ending 0.2% lower.
Broader markets were mixed in today's session. The Midcap index ended 1% higher while the Smallcap index rose 0.6%.
India Volatility Index fell 5.9% in today's session to end at 21.55.
1,010 stocks on the NSE ended with gains while 885 stocks ended with losses.