The BSE Sensex on Tuesday rebounded by over 277 points led by gains mainly in bank and auto stocks as participants hoped that the RBI will further slash its repo rate to lift sagging consumer sentiment.
Likewise, the Nifty too recovered from its five-month low level to settle around 86 points higher ahead of the RBI's policy outcome.
After swinging over 705 points during the day, the 30-share index closed at 36,976.85, up by 277.01 points, or 0.75 per cent. It hit a high of 37,241.77 and a low of 36,536.59.
The 50-share too Nifty ended 85.65 points, or 0.79 per cent, higher at 10,948.25 points.
Top gainers in the Sensex pack included Yes Bank, TechM, Bajaj Finance, Bharti Airtel, Maruti, Asian Paints and Hero MotoCorp -- rising up to 5.30 per cent.