The markets were volatile throughout the session today. The sell-off in oil & gas, FMCG, realty, cement, private power, auto and select steel companies' shares capped the gains.
Global cues were a bit positive today. Asian markets ended higher barring Nikkei and Shanghai was up 2.2%. European markets were trading 0.5-0.8% higher, at the time of closing of Indian equities.
The 30-share BSE Sensex closed at 16,264.30, up 47.44 points, after witnessing a swing of 208 points between an intraday high of 16,337.98 and low of 16,130.32. The 50-share NSE Nifty went up just 10.15 points, to settle at 4829.55; it swung 64.6 points in day's range of 4856.15-4791.55. In six days, the former one gained 5.6% and later one up 5.1% on the back huge buying in oil & gas, metal and banking stocks while indices surged 3.7% and 3.2% this week, respectively.
Banking and technology stocks helped the indices to end 1-1.5% higher. Banking stocks like ICICI Bank and SBI were up 2-2.5%. PNB and HDFC Bank went up 0.5-1% while Axis Bank was down 0.67%. In the technology space, Wipro, Infosys, HCL Tech and TCS were up 0.5-1.5%.