Mumbai: Snapping its 2-day losing streak, the benchmark S&P BSE Sensex recovered 136 points to settle at 27,780.83 today on fresh buying in FMCG, healthcare, consumer durables and metal sector stocks amidst higher Asian cues.
Besides, media reports that Greek Prime Minister Alexis Tsipras is considering a last-minute bailout proposal by the European Commission, lifted market sentiments.
The Sensex opened lower at 27,627.39 and fell further to 27,570.95 on initial selling.
However, it recovered afterwards to 27,814.53 before ending at 27,780.83, showing a gain of 135.68 points, or 0.49 percent.
It had dropped by 250.82 points, or 0.90 percent, in last two days.
Small-cap and Mid-cap indices also shot up by 1.07 percent and 1.33 percent, respectively on fresh buying from retail investors.
The CNX 50-share Nifty also fell by 50.10 points, or 0.60 percent, to close at 8,368.50.
Asian stocks ended higher today as investors push off concerns about a default in Greece until the outcome of a referendum on Sunday.
China's Shanghai Composite made a smart recovery after falling as much as 5 percent today.
Key benchmark indices in Hong Kong, Taiwan, Japan, Singapore and South Korea ended higher by 0.63 percent to 1.09 percent.
However, European markets were trading lower as Greece seems set to dafault on a 1.5 billion euro debt payment due to the International Monetary Fund (IMF) today after bailout negotiations broke down over the weekend.
Key indices in France, Germany and UK dropped by 0.93 percent to 1.17 percent.
