Benchmark indices managed to settle in positive territory on August 26, with the Sensex climbing over 59 points as fag-end volatility curtailed most of the day’s gains.
Traders said a firm trend in global markets and inflow of foreign funds led to the rise in equity markets.
The BSE Sensex climbed 59.15 points or 0.10% to end at 58,833.87. It jumped 546.93 points, or 0.93%, to 59,321.65 during the day.
The broader NSE Nifty closed 36.45 points or 0.21% higher at 17,558.90.
From the Sensex pack, NTPC, Titan, Power Grid, Kotak Mahindra Bank, Larsen & Toubro, Tech Mahindra, Tata Steel and Mahindra & Mahindra were among the major gainers.
On the other hand, IndusInd Bank, HDFC, Asian Paints and Bharti Airtel were the major laggards.
In Asia, markets in Seoul, Tokyo and Hong Kong ended in the green, while Shanghai closed with losses.
European stock markets were trading lower during mid-session deals. Wall Street closed with gains on Thursday.
“Lack of investor confidence and caution in anticipation of Fed chairman’s remarks led to a significant sell-off at the end of the session. Western markets are trading with cuts as they await clues on further policy actions by the Fed.” This is expected to hit demand,” said Vinod Nair, head of research, Geojit Financial Services.
Meanwhile, international oil benchmark Brent crude jumped 1.14% to $100.5 a barrel.
Foreign institutional investors (FIIs) bought shares worth a net Rs 369.06 crore on Thursday, according to exchange data.