Continuing their upward trend for a second consecutive session, Indian benchmark indices Sensex and Nifty closed higher on Tuesday, supported by late buying in banking stocks and a favourable global market trend.

The BSE Sensex rose by 363.99 points, or 0.45 per cent, to finish at 80,369.03. However, during intra-day trading, the index had experienced a significant dip of 583.69 points, falling to 79,421.35 before recovering. Meanwhile, the NSE Nifty gained 127.70 points, or 0.52 per cent, ending the day at 24,466.85.