Positive global trend gave a leg-up to sentiment, but an uptick in oil weighed on sentiment.
Stock-specific action in the later part of the day lifted domestic benchmarks.
Technical analysts see stock-specific opportunities in the bearish market.
Sensex dropped over 150 points in opening deals and Nifty fell below 10,850.
Several fund houses have large exposures to DHFL, at 2-10 per cent of total debt AUM.
The monetary policy committee of the RBI will announce its rate policy on Feb 7, Thursday.
The BSE Sensex settled 213 points higher at 36,469, while NSE’s Nifty50 index closed 63 points.
Finance Minister Piyush Goyal will present the Budget in the Lok Sabha today.
Sensex surged 665 points, or 1.87 per cent, to 36,256, with 26 stocks ending in the green.
The market rallied as a fresh spell of buying emerged across the sectors.
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