Sensex, Nifty close with gains in highly volatile trade


MUMBAI: Benchmarks Sensex and Nifty ended Wednesday with gains in extremely choppy trading after steady foreign inflows and buying in index giants Reliance Industries and HDFC Bank.
The 30-stock BSE Sensex rose 178.87 points, or 0.29 percent, to close at 61,940.20. During the day, it hit a high of 61,974.35 and a low of 61,572.93.
The wider NSE Nifty It gained 49.15 points, or 0.27 percent, to close at 18,315.10 points, up for the third straight day.
Sensex companies include IndusInd Bank, Power Grid, Tata Motors, Bajaj FinanceNTPC, HDFC bank, Trust Industries, Nestle and Kotak Mahindra Bank were the biggest gainers.
Infosys, State Bank of India, Tata Steel, Hindustan Unilever and Titan were the biggest laggards.
In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong all underperformed.
European equity markets traded lower. US markets closed in negative territory on Tuesday.
“April US inflation data will be a major focus as it would provide clues on the Fed’s next course of action on interest rates,” said Prashanth Tapse, senior VP (research) at Mehta Equities Ltd.
Meanwhile, global oil benchmark Brent crude fell 1.39 percent to $76.36 a barrel.
Foreign institutional investors (FIIs) were net buyers on Tuesday, buying shares worth Rs.1,942.19 crore, according to stock market data.
The BSE benchmark slipped 2.92 points on Tuesday to close at 61,761.33. The Nifty closed up slightly by 1.55 points, or 0.01 percent, at 18,265.95.

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