Mumbai, February 17 Stock markets closed higher for the second consecutive day on Tuesday, driven by gains in shares of banks, IT companies, and capital goods firms.
The 30-share BSE Sensex rose by 173.81 points, or 0.21 percent, to close at 83,450.96. The index fluctuated between a high of 83,598 and a low of 82,987.43 during the day.
The 50-share NSE Nifty advanced by 42.65 points, or 0.17 percent, to settle at 25,725.40.
Among the Sensex constituents, ITC, Bharat Electronics Ltd, Larsen & Toubro, Infosys, Asian Paints, Titan, Adani Ports, HCL Technologies, Sun Pharmaceuticals, Maruti Suzuki India, IndiGo, State Bank of India, and Tech Mahindra were the major gainers.
On the other hand, Eternal, Tata Steel, Trent, Reliance Industries, Mahindra & Mahindra, Bajaj Finserv, Axis Bank, Bharti Airtel, Kotak Mahindra Bank, and Hindustan Unilever ended with losses.
Broader indices also traded positively, with the BSE Smallcap Select Index rising by 0.49 percent, and the Midcap Select Index gaining by 0.26 percent.
In Asian markets, Japan's Nikkei 225 index closed 0.47 percent lower, while markets in China, Hong Kong, and South Korea remained closed for the Lunar New Year holidays.
European markets were trading higher during the session. The US equity market remained closed on Monday due to Presidents' Day.
Foreign institutional investors sold equities worth Rs 972.13 crore on Monday, while domestic institutional investors purchased stocks worth Rs 1,666.98 crore, according to exchange data.
Brent crude, the global oil benchmark, fell by 0.79 percent to USD 68.13 per barrel.
On Monday, the 30-share BSE Sensex jumped by 650.39 points to close at 83,277.15, while the NSE Nifty advanced by 211.65 points to settle at 25,682.75.