Sensex, Nifty close with gains in highly volatile trade – Times of India

Mumbai: Benchmark Sensex And smelly Wednesday closed with gains in highly choppy trade following steady foreign fund inflows and buying in index majors Reliance Industries and HDFC Bank.
The 30-share BSE Sensex closed 178.87 points, or 0.29 per cent, higher at 61,940.20. It touched a high of 61,974.35 and a low of 61,572.93 in the day’s trade.
Comprehensive nse nifty It closed at 18,315.10, up 49.15 points or 0.27 per cent, posting gains for the third day in a row.
Sensex companies include IndusInd Bank, Power Grid, Tata Motors, Bajaj FinanceNTPC, HDFC Bank, Reliance Industries, Nestle and Kotak Mahindra Bank were the major gainers.
Infosys, State Bank of India, Tata Steel, Hindustan Unilever and Titan were the major laggards.
Seoul, Tokyo, Shanghai and Hong Kong closed with losses in Asian markets.
European stock markets were trading with a fall. US markets closed in the negative zone on Tuesday.
“The US inflation data for April will be in particular focus as it will provide some indication about the Fed’s next action on the rate front,” said Prashant Tapase, Senior Vice President (Research), Mehta Equities Ltd.
Meanwhile, global oil benchmark Brent crude fell 1.39 per cent to USD 76.36 per barrel.
Foreign institutional investors (FIIs) were net buyers on Tuesday, buying shares worth Rs 1,942.19 crore, according to exchange data.
On Tuesday, the BSE benchmark fell 2.92 points to close at 61,761.33. The Nifty ended marginally higher at 18,265.95, up 1.55 points or 0.01 per cent.