Stock Markets Recover From Intraday Lows & Close Higher On Fag-End Buying

On Thursday, equity benchmark indices recovered from intraday lows to close in positive territory, aided by fag-end buying.

The 30-share BSE Sensex rose 98.84 points, or 0.16 percent, to close at 61,872.62 in a turbulent trade during the monthly futures expiry. It reached a peak of 61,934.01 and a low of 61,484.66 during the day.

After a shaky start, the NSE Nifty gained 35.75 points, or 0.20 percent, to close at 18,321.15.

Bharti Airtel, ITC, Kotak Mahindra Bank, Larsen & Toubro, Power Grid, Bajaj Finance, Infosys, Nestle, Asian Paints, and Mahindra & Mahindra were among the top gainers on the Sensex.

The largest laggards were Wipro, Tata Motors, IndusInd Bank, HDFC, Hindustan Unilever, State Bank of India, and Tata Steel.

Seoul, Shanghai, and Hong Kong finished lower in Asian markets, but Tokyo finished higher.

European equity markets were trading on a mixed note.

The US stock market finished lower on Wednesday.

Meanwhile, Brent crude, the global oil standard, fell 1.14 percent to USD 77.47 per barrel.

On Wednesday, the Sensex slid 208.01 points, or 0.34 percent, to close at 61,773.78. The Nifty fell 62.60 points, or 0.34 percent, to 18,285.40.

According to exchange data, foreign institutional investors (FIIs) were net purchasers on Wednesday, purchasing stocks worth Rs 1,185.84 crore.

Also read: Moscow To Close Swedish Consulate, Expel Five Diplomats