Sensex ends the day higher by 232.24 points

Volatility continues to remain in the stock markets as Sensex finally closes in green after witnessing a selling in the initial trading session. The index increased by 0.74 per cent or 232.24 points to be at the level of 31,685.75 while, Nifty rose by 0.71 per cent or 65.30 points to reach the level of 9,270.90.

Liquor stocks were seen slipping as some states hike duty on liquor and restricted the timings of shops.

On Wednesday, the rupee depreciated 9 paise to close at 75.72 against US dollar, following a strong American currency overseas and fears of a renewed trade war between US and China.

On the global front, confidence was regained from easing of lockdown restrictions globally. Shanghai index gained by 0.63 per cent while, Hang Seng closed in green, up by 1.13 per cent. Nikkei remained closed for trading, following a national holiday. KOSPI went up by 1.76 per cent. European indices FTSE and DAX opened on a positive note, trading higher by 0.59 per cent and 0.15 per cent each whereas; CAC 40 was seen trading down by 0.24 per cent. Overall, majority of the markets were seen trading with a higher volatility as post the pandemic, uncertainty of the depth of its negative impact would still remain uncalculated.

Sensex gainers were made up of M&M which gained by 5.27 per cent, followed by Bajaj Finance-up by 5.19 per cent, HDFC Bank-up by 3.80 per cent, Bharti Airtel went up by 3.45 per cent, Hero MotoCorp closed up by 3.16 per cent, NTPC went up by 2.38 per cent, Tata steel closed in green, up by 1.82 per cent, etc.

Sensex losers included ITC shedding 5.81 per cent, HUL fell down by 1.57 per cent, TCS fell by 1.41 per cent, Nestle India dropped by 0.63 per cent, Asian Paints fell by 0.49 per cent, etc.

As for sectoral indices, FMCG was the biggest loser, dropping by 1.98 per cent while Finance, Bankex and Auto gained by 2.46 per cent, 1.99 per cent and 1.78 per cent, respectively. Small-cap and Mid-cap indices rose by 0.49 per cent and 0.78 per cent each.