Sensex and Nifty closed higher for fifth straight day amidst the volatile trade. The Sensex closed 60.19 points up to settle at 33,940.44 while Nifty settled at 10,417.15 mark. IT and metal stocks shine and lead the way for gains.
Sensex and Nifty closed higher for fifth straight day amidst the volatile trade. The Sensex closed 60.19 points up to settle at 33,940.44 while Nifty settled at 10,417.15 mark. IT and metal stocks shine and lead the way for gains.
Earlier in the day, the BSE Sensex was down 37.61 points in late morning deals on profit-booking in oil & gas, bank, financial, energy, FMCG and utilities sectors despite higher Asian cues.
Investors are focussing on key domestic cues of retail inflation data and industrial production data due tomorrow and corporate results starting Friday.
IT, tech, metal and telecom sectors saw buying interest.
The 30-share index was trading at 33,842.64 at 1040hrs, showing a loss of 37.61 points, or 0.11 per cent.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 684.99 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 653.65 crore yesterday, provisional data showed.
Most Asian shares rose as investor sentiment improved after China's President Xi Jinping helped ease fears over a US-China trade row.
US stocks surged yesterday, thanks to a less-aggressive stance on trade taken by the Chinese president, whose conciliatory comments on tariffs sent prices of risky assets such as global equities and commodities higher.
The rupee depreciated 12 paise to 65.11 against the US dollar in opening trade today ahead of the release of US Fed meeting minutes scheduled later in the day.
However, weakness in the US dollar against select currencies overseas and a higher opening in domestic equities capped the losses.
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 "Sensex, nifty close higher amidst volatile trade")
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