The stock market managed to recover some of its previous session losses and ended on a positive note in the volatile session on Tuesday.

Nifty inched towards 23,800 but profit booking in the second half erased some of the intraday gains.

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At close, the Sensex was up 234.12 points or 0.30% at 78,199.11, and the Nifty was up 91.85 points or 0.39% at 23,707.90.

On Nifty, the top gainers were Oil & Natural Gas Corporation (3.59%), SBI Life Insurance Company (3%), HDFC Life Insurance Company (2.29%), Tata Motors (2.19%), Reliance Industries (1.88%) while on the losing side were HCL Technologies (1.90%), Trent (1.77%), Tata Consultancy Services (1.63%), Eicher Motors (1.39%), Hero Motocorp (0.97%) among others.

On BSE, around 130 stocks touched their 52-week high, including Aegis Logistics, PTC Industries, Amber Enterprises, Apar Industries, Firstsource Solutions, KIMS, Laurus Labs, Abbott India, ITI among others.

However, nearly 100 stocks touched their 52-week low including Sanofi India, PVR INOX, Kajaria Ceramics, Container Corporation, Motherson Sumi Wiring India, Mahindra Life, Network 18, Yes Bank, Relaxo Footwear, Alok Industries, NMDC Steel, among others.

Among the sectors, barring Nifty IT, all major sectoral indices settled in the green. Nifty Oil & Gas emerging as the top sectoral gainer, up 1.64% followed by Nifty Media, Nifty Energy, Nifty Metal, Nifty CPSE, and Nifty Infra, which rallied between 0.8% and 1.36%.

Throughout the session Nifty reached a high of 23,795.2 and a low of 23,637.8 while Sensex traded between 78,452.74 and 77,925.09.

BSE midcap index rose 0.7% and the BSE smallcap index added 1.7%.

Indian rupee ended 10 paise higher at 85.72 per dollar on Tuesday versus previous close of 85.82.

Among the key performers were IndiaMART gaining over 4%, following a bullish rating upgrade from JM Financial.

Further, the Zydus Lifesciences share price advanced over 5% in trade.

Global brokerage firm Jefferies has downgraded shares of Zomato to a ‘hold’ call, citing the sharp run-up in the stock through 2024.

Shares of ITI were locked in the 10% lower circuit, snapping a two-day winning streak.

Shares of Blue Star Ltd tumbled after international brokerage Jefferies downgraded the stock to ‘hold’.

Market is expected to remain cautious, awaiting signs of earnings recovery during the upcoming result season, while also dealing with ongoing FII selling.