Equity benchmarks bounced back on support from Infosys (up 1.5 percent), ITC (up 1.5 percent), HDFC (up 0.7 percent), HDFC Bank (up 0.5 percent) and ICICI Bank (up 0.5 percent).
The Sensex rose 61.67 points to 24612.84 and the Nifty climbed 21.45 points to 7482.05 but the market breadth remained negative as about 1493 shares declined against 961 advancing shares on the BSE.
Equity benchmarks recouped more than half of losses in afternoon trade, tracking positive European cues. The Sensex fell 68.92 points to 24482.25 and the Nifty declined 15.70 points to 7444.90.
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