Sensex ends 80 pts up in see-saw trade; financials lead

The 30-share BSE Sensex closed the session marginally higher amid a choppy trade on Tuesday. More importantly, it continued its uptrend for fifth consecutive session, aided by financial, capital goods, power, telecom and auto companies' shares.

The 50-share NSE Nifty rose 18.70 points, to end at 5,545.30 after trading in a range. However, the index touched the 5,500-mark during the day due to profit booking but immediately traders used a strategy of buy on declines. It seemed that all negative news already factored in and 5500 looks like a support today ahead of expiry on Thursday.

According to Atul Suri, trader at Rare Enterprises, the equity market, which has seen a surprised turnaround, is likely to see further upside in the coming days. He sees a significant roll up if Nifty crosses the 200 DMA of 5577.