Business Standard

Indices end higher in volatile trade

- PRESS TRUST OF INDIA Mumbai, 9 September

Benchmark indices Sensex and Nifty managed to end in positive territory after fighting bouts of volatility on Thursday as investors followed risk-off mode in global markets.

After a volatile trade, the Sensex ended 54.81 points or 0.09 per cent higher at 58,305.07 — its all-time closing high. The Nifty rose 15.75 points or 0.09 per cent to settle at 17,369.25. On the Sensex chart, Bharti Airtel was the top gainer, followed by Nestle India, Tata Steel, Bajaj Finserv, HCL Technologi­es and ITC. On the other hand, Titan, Ultratech Cement, Bajaj Auto, HDFC Bank and Axis Bank were among the laggards.

Of the Sensex constituen­ts, 18 shares logged gains and 12 suffered losses.

During the holiday-truncated week, the Sensex rose 175.12 points or 0.30 per cent, while the Nifty advanced 45.65 points or 0.26 per cent.

Sectorally, telecom, power, utilities, capital goods and metal indices rose up to 2.40 per cent.

On the other hand, realty, consumer durables, bankex and finance ended in the red.

“Domestic markets were highly volatile tracking negative cues from global markets amidst selling seen in realty and pharma stocks. However, mid and small-cap stocks continued to attract buyers leading to its outperform­ance,” said Vinod Nair, head of research, Geojit Financial Services.

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