Despite some volatility, the market demonstrated strength this week as recognition of upcoming stimulus – fiscal and monetary – likely lies ahead, said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.
The biggest gainers in the Sensex pack were IndusInd Bank, NTPC, SBI, Reliance Industries, ICICI Bank, Vedanta, Axis Bank, Tata Steel, PowerGrid, ONGC and Infosys, rising up to 1.35 per cent.
The 30-share index settled 464.77 points, or 1.30 per cent, higher at 36,318.33, while the broader NSE Nifty rallied 149.20 points, or 1.39 per cent, to finish at 10,886.80.
The government is scheduled to release wholesale price index (WPI) and consumer price index (CPI) data later in the day.
TCS is scheduled to announce its quarterly results later in the day.
The BSE Sensex after a gap-up opening at 36,181.37, advanced further to the day's high of 36,250.54, before ending at 36,212.91, showing a gain of 231.98 points, or 0.64 per cent.
Sectoral indices, led by IT, tech, realty, auto, capital goods, bankex and power, were trading higher by up to 1.38 per cent.
Meanwhile, Brent crude, the international oil benchmark, was trading 0.47 per cent higher at USD 57.88 per barrel.
At 9.36 a.m., the Sensex traded 240.56 points or 0.67 per cent higher at 35,935.66.
After swinging over 350 points intra-day, the 30-share Sensex finally settled 181.39 points, or 0.51 per cent, higher at 35,695.10.
Asian and European equities tripped following a sudden sell-off on Wall Street after Apple cut its revenue forecast for the first in nearly 12 years.
On Wall Street, Dow Jones Industrial Average reversed all early gains after Apple cut its holiday-quarter revenue forecast and ended a tad higher at 23,346.24 points.
Disappointing Chinese economic data and weak auto sales number played out as dominant factors in triggering sell-offs in metal and auto stocks on domestic bourses.
The 30-share index was trading 198.83 points, or 0.55 per cent, lower at 36,055.74 in morning trade.
Extending gains for the third session, the 30-share index was trading 306.16 points, or 0.86 per cent, higher at 36,113.44.
The index had broken its three-day falling streak in the previous session Monday by ending 179.79 points, or 0.51 per cent, higher at 35,649.94.
The BSE Sensex broke its three-day falling streak by ending 179.79 points, or 0.51 per cent, higher at 35,649.94. Intra-day, the index fell to a low of 35,010.82.
The 30-share index slumped 360.95 points, or 1.02 per cent, to 35,109.20 in early trade. It had fallen 271.92 points, or 0.76 per cent, to 35,470.15 in the previous session Monday.
Negative global cues amid fears of a potential US government shutdown and rising tension between the US and China, too, weighed on investor sentiment here.
Rising for the seventh straight session, the 30-share index spurted 104.05 points, or 0.29 per cent, to 36,451.13.
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