Markets rose for the second consecutive session -- their first back-to-back gains so far this month -- as the benchmark BSE Sensex on Tuesday climbed over 104 points to 25,864.47, helped by value-buying and a firm global trend after worries about Paris attacks dissipated.
Covering-up of short positions by speculators gave gains a push, traders said. In a session marked by volatility, the 30-share Sensex settled 104.37 points, or 0.41 per cent, higher at 25,864.47. The gauge had gained 149.57 points on Monday. The broad-based NSE Nifty closed at 7,837.55, up 30.95 points, or 0.40 per cent. Intra-day, it traded between 7,860.45 and 7,793.
Asian and European stocks remained upbeat as they rose across the board following strong overnight gains on Wall Street as investors covered up losses following last week's deadly Paris terror attacks.
Improving macro parameters, including a narrowing trade deficit, came as another positive.