Sensex, Nifty bounce back from intra-day lows; settle higher on fag-end buying

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Benchmark stock indices rebounded from intraday lows to settle in positive territory on Thursday, aided by casual buying.

In choppy trading amid monthly derivatives expiration, the 30-share BSE Sensex rose 98.84 points, or 0.16 percent, to settle at 61,872.62. During the day, it recorded the highest level at 61,934.01 and the lowest at 61,484.66.

The NSE Nifty Index rose 35.75 points, or 0.20 percent, to close at 18,321.15 thereafter. Start trading on a weak note.

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

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Wipro, Tata Motors, Indus End Bank, HDFC, Hindustan Unilever, State Bank of India and Tata Steel were the major laggards.

In Asian markets, Seoul, Shanghai, and Hong Kong settled lower, while Tokyo closed in the green.

Stock markets in Europe were trading mixed. The US market closed lower on Wednesday.

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“On the day of the monthly expiry, Indian stocks were trading with high volatility,” said Devin Mehata, Equity Research Analyst, Choice Broking.

Sensex fell 208.01 points, or 0.34 percent, to settle at 61,773.78 on Wednesday. the Nifty refused 62.60 points, or 0.34 percent, to close at 18,285.40.

Meanwhile, the global oil benchmark, Brent crude, fell 1.14 percent to $77.47 a barrel.

Foreign institutional investors (FIIs) were net buyers on Wednesday, buying shares worth Rs 1,185.84 crore, according to exchange data.