Sensex pares Monday losses, closes 288 points up

A benchmark index for Indian markets Tuesday closed 288 points higher, paring most of the previous session's losses as traders picked up scrips which were battered in the previous session. 

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,545.11 points, closed at 17,734.16 points (provisional), 288.41 points or 1.65 percent up from its previous close at 17,445.75 points.

The Sensex had closed 477 points lower Monday.

The 50-scrip S&P CNX Nifty of the National Stock Exchange also ended higher at 5,378.85 points, up 97.65 points or 1.85 percent from its previous close.

Broader markets were also in the green, with the BSE 500 index closing 2.31 percent higher. The BSE midcap index was up 3.45 percent while the BSE smallcap index rose 2.89 percent higher.

Among the sectoral indices on the BSE, those battered Monday rose. Realty, capital goods, banking and power stocks were among major gainers. IT scrips, however, saw some selling.