Markets close with gains in choppy trade amid caution ahead of US inflation data
The rupee appreciates by 6 paise to 82.00 against the US dollar;
Benchmark indices Sensex and Nifty closed with gains in highly choppy trade on Wednesday following buying towards the end of the session in select oil, banking and auto shares as investors awaited key US inflation data for further cues.
The 30-share BSE Sensex rose by 178.87 points or 0.29 per cent to settle at 61,940.20 as 22 of its components advanced and eight declined. During the day, it hit a high of 61,974.35 and a low of 61,572.93.
The broader NSE Nifty gained 49.15 points or 0.27 per cent to end at 18,315.10, posting gains for a third day in a row.
Global markets largely traded in negative as investors turned cautious ahead of the US inflation data for April which would provide some indication about the Federal Reserve’s next course of action on the rate front.
Among the Sensex firms, IndusInd Bank rose the most by 2.84 per cent. Power Grid, Tata Motors, Bajaj Finance, NTPC, HDFC Bank, Reliance Industries, Nestle and Kotak Mahindra Bank were the major gainers.
Infosys fell the most by 0.59 per cent. State Bank of India, Tata Steel, Hindustan Unilever and Titan were among the laggards.
The rupee consolidated in a narrow range and settled for the day higher by 6 paise at 82.00 against the US dollar on Wednesday, as investors remained on the sidelines ahead of the crucial US inflation data.
Meanwhile, global oil benchmark Brent crude declined 1.39 per cent to $76.36 per barrel.