The Indian equity benchmarks snapped their two-day losing streak on Tuesday led by gains in Infosys, ITC, Bajaj Finance, HDFC, Tata Consultancy Services and Reliance Industries.

Earlier in the day, the benchmarks traded in a narrow band owing to weak cues from Asian markets.

However, with positive trend in the European markets and US stock futures, Indian equities jumped in afternoon trading.

The Sensex rose as much as 852 points from the day's lowest level to hit an intraday high of 59,084.51 and Nifty 50 index touched an intraday high of 17,578.The Sensex advanced 514 points to close at 59,005 and Nifty 50 index climbed 165 points to end at 17,562.European markets were trading higher with Germany's DAX up 1.5 per cent, England's FTSE 100 advancing 1.2 per cent and France's CAC 40 index rising 1.44 per cent.

US stock futures also rose 0.6 per cent indicating a strong start for US markets.Back home, thirteen of 15 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Realty index's nearly 4 per cent gain.