In the afternoon trade, indices gained strength, Sensex reclaimed 37,000 levels while Nifty was also trading close to 11000 levels. But towards the end of the session, the Sensex closed higher by 227 points at 36976.85 and Nifty ended higher with gains of 85.65 points at 10,931.40 shrugging off global as well as domestic concerns of US-China trade war, Kashmir issues, depreciating rupee etc. which was for so long playing havoc with the markets.

Shares of Berger Paints after posting a 32% jump in June quarter profit hit a record high of Rs. 351.65.

SRF shares, which is into manufacturing of chemicals and polymers, climbed as much as 13.4% to Rs 2,924, its biggest one-day gain since November 19, 2014.

Shares of Dewan Housing Finance Corporation (DHFL) climbed over 10 per cent intraday on Tuesday after the company informed the bourses that the company's special committee for debt resolution has approved the draft resolution plan

Zee Entertainment fell the most by 6% and the company post the huge fall in scrip price said that the company's share price movement will not impact its stake sale plan Invesco Oppenheimer. Other losers from the media space include Eros International, Sun TV and Dish TV.

The Asian markets have recovered from their day's low levels . The Nikkei 225 was down 0.6 per cent at 20,585 and the Hang Seng index had declined 1.2 per cent to 25,820.

Meanwhile, Beijing has also stepped in to check further free fall of yuan which has been hurting other emerging market currencies. In the wake of huge weakness seen in yuan, the US declared China as a currency manipulator for the first time in 25 years.

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