Market logs its biggest gain in 2 months 

All sectoral indices ended in positive territory, with auto, capital goods, consumer durables, metal, power, realty, and media indices gaining between 2-3%. In the broader market, the BSE Midcap and Smallcap indices also rose by more than 2% each.

The top gainers in the Nifty50 on Tuesday were ICICI Bank, M&M, Shriram Finance, L&T, and Tata Motors while Bajaj Finserv, Bharti Airtel, and Tech Mahindra were among the losers.

Prashanth Tapse, Senior VP (Research) at Mehta Equities noted that the market had been in a bearish phase over the past few weeks, making valuations more attractive. Investors took advantage of the opportunity to invest in beaten-down sectors.