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The 30-share pack Sensex gained 198.18 points or 0.34 per cent to close at 58,664.33. The index climbed about 950 points from the day’s low. Its broader peer NSE Nifty added 86.80 points or 0.50 per cent to 17,503.35.

In the international market, both gold and silver were trading flat at USD 1,806 per ounce and USD 24.05 per ounce, respectively.

The Nifty Realty index closed 2.16 per cent up at 516.0.

Oil prices fell on Tuesday on talk that the United States, Japan and India will release crude reserves to tame prices despite the threat of faltering demand as COVID-19 cases flare up in Europe.

“Valuations are key right now,” Belinda Boa, head of active investments for Asia Pacific at the world’s biggest asset manager, said at a briefing. “Because of the outperformance we’ve seen in India this year, on a relative basis, we are starting to take profits” and becoming more positive on Chinese growth stocks, she said.

“From here onwards, the profit and the cash flow trajectory of some of these growth companies is going to be extremely important. That is where one needs to be careful. If one is in a high PE, high growth company, one has to be very sure about the earnings growth trajectory. If the earnings are growing, everything’s fine, says Hiren Ved.”

On the technical charts, the RSI of the stock stood at 39.65.

A total of 26,133 shares changed hands on the counter till 02:12PM (IST)

Given the digital nativity of these currencies, lack of transparency about trades and traders, and the global ubiquity of the crypto platforms, an unregulated crypto could be a big systemic challenge.

The stock traded at a P/E multiple of 80.87, while the price-to-book value ratio stood at 5.13.