Markets bounce back from intra-day lows; settle higher on fag-end buying

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An electronic ticker board displays stock figures outside the Bombay Stock Exchange (BSE) building in Mumbai, India, on Tuesday, Dec. 11, 2018. IndiaÂ’s new central bank governor has a list of challenges to face as he takes office: from fixing a banking crisis to convincing investors of the institutionÂ’s autonomy. Photographer: Dhiraj Singh/Bloomberg

Mumbai: Equity benchmark indices bounced back from intra-day lows to settle in positive territory on Thursday helped by fag-end buying.

In a volatile trade amid the monthly derivatives expiry, the 30-share BSE Sensex climbed 98.84 points or 0.16 percent to settle at 61,872.62. During the day, it hit a high of 61,934.01 and a low of 61,484.66.

The NSE Nifty gained 35.75 points or 0.20 percent to end at 18,321.15 after beginning the trade on a weak note.

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

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

Meanwhile, global oil benchmark Brent crude dipped 1.14 percent to USD 77.47 a barrel.

PTI

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