The Sensex and Nifty ended higher on Tuesday, recovering from earlier losses, as gains in energy stocks helped offset lingering trade tensions in Asia ahead of the deadline for imposition of tariffs by the US on China. The rupee recovering from record lows against the US dollar also bolstered sentiment.

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The Sensex ended at 35,378, down 114.19 points, while the broader Nifty slipped 42.60 points to 10,699. The 50-share index had tested 10,700 in intraday trade. In the broader market, the BSE Midcap and the BSE Smallcap indices gained 0.7 per cent and 0.4 per cent, respectively.

Market breadth, indicating the overall health of the market turned positive. On the BSE, 1,349 stocks rallied, 1,265 stocks declined, while 132 stocks remained unchanged. 

"Appreciation in rupee over dollar and a positive rebound in global market provided some stability in domestic market. Pharma and IT stocks outperformed owing to the advantage of favorable exchange rate and improving outlook. However, global trade tensions may influence investors to retain a cautious approach to the market in the near term," said Vinod Nair, Head of Research, Geojit Financial Services. 

Sun Pharma, Maruti Suzuki, Infosys, ONGC, Kotak Bank, ITC, Tata Steel, Tata Motors, RIL, TCS, Bajaj Auto, Hero Motocorp, NTPC, M&M, , Bharti Airtel, HDFC Ltd, IndusInd Bank and Wipro ended in the positive zone, rising up to 1.79 per cent.

On the other hand, Vedanta, ICICI Bank, SBI, Power Grid, Yes Bank, Adani Ports, HUL, Asian Paints, L&T, Coal India and Axis Bank were among the losers, falling up to 3.25 per cent. 

Among individual stocks, Infosys share price scaled fresh all-time high of Rs 1,351.85 on account of weakness in rupee. The IT giant is scheduled to announce its financial results for the June quarter on July 13.

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Shares of Hero MotoCorp rallied 2 per cent on Tuesday, in their biggest intraday percentage gain since June 12 after automaker said its total sales in June rose 13 per cent to 704,562 vehicles. The auto major also said it made an upward revision in prices of motorcycles and scooters, to partially offset rising input costs and currency depreciation.

Reacting to its auto sales figures, the stock gained as much as 2 per cent to Rs 3483.80 on the BSE. The stock settled at Rs 3450.10, up 1 per cent.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 366.94 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 1,205.12 crore yesterday, as per provisional data.