Indian equities bounced back on Tuesday snapping earlier losses. At 1.05 p.m, the Sensex was trading up 169.09 points or 0.58% at 29,406.24 with 23 components gaining. Meanwhile, the Nifty was trading higher by 58.35 points or 0.65% at 9,103.55 with 40 components gaining.

Major gainers in the 30-share index were Axis Bank (2.07%), Housing Development Finance Corporation (1.75%), Sun Pharmaceutical Industries (1.38%), Tata Motors (1.15%), ICICI Bank (1.08%), and Asian Paints (1.06%).

On the other hand, Oil & Natural Gas Corporation (0.85%), ITC (0.37%), GAIL (India) (0.35%), Hero Motocorp (0.23%), Tata Power Company (0.23%), and Reliance Industries (0.12%) were the major losers in the Sensex.

Market breadth was positive with 1,468 advances against 970 declines.

Torrent Pharmaceuticals topped the value chart on the BSE with a turnover of Rs. 28,275.35 million. It was followed by Deepak Fertilisers & Petrochemicals Corporation (Rs. 6,300.01 million), Berger Paints India (Rs. 3,031.19 million) and Housing Development Finance Corporation (Rs. 2,468.99 million).

The volume chart was led by Deepak Fertilisers & Petrochemicals Corporation with trades of over 24.35 million shares. It was followed by Torrent Pharmaceuticals (19.72 million), Berger Paints India (13.06 million) and Spicejet (5.31 million).