Mumbai: After the five session slides, Sensex made a strong recovery on Tuesday with a rally 367 points to close at 57,858.
Initially, it reached an intraday low of 56.410 after a bargaining hunt at a lower level raised the index and this increased slight investor sentiment.
However, traders keep their fingers cross when the US market continues to slide at night.
The Indian market is closed on Wednesday.
So, when the local market is open on Thursday, traders here must take into account two trading sessions outside India.
This session starts on a very bearish and sensex records dipped in low days, but immediately recovery begins.
After some volatility, the index was finally closed in green after five sessions ended in red.
The advantage Tuesday came despite the clean sales of Rs 7,095 crore by foreign funds, while local institutions were clean buyers at Rs 4,544 Crore.
So far this month, foreign funds have nets sold more than Rs 22,100 Crore (almost $ 3 billion), BSE and CDSL data shows.