Due to selling pressure in the banking and IT sectors, the Indian market indices Sensex and Nifty50 gave up early gains on Tuesday. Heavyweights including HDFC Bank, Infosys, Reliance and TCS, which released its quarterly results the day before, were the main drags on the major indices. However, gains in sectors like auto and metal prevented both the Sensex and Nifty50 from suffering further losses. 

The barometer index, the S&P BSE Sensex, surged by 876 points at 11:30 IST and is currently trading at a level of 60,777.

The benchmark indices were trading mixed this week. On Friday, BSE Sensex closed on a negative note, down around 452.90 points or 0.75 per cent at 59,900.37.  About 1,330 shares had advanced, 2,178 declined and 130 were unchanged.

The domestic equities indices reached a new intraday low while continuing their downward trend. 

The S&P BSE Sensex and NSE Nifty50 Indian leading indices are trading higher on Tuesday.

On Friday, equity benchmarks fell along with sluggish global market trends, as investors' confidence remained subdued in light of the COVID surge happening in several countries.