Markets settle with modest gains in highly volatile trade

Equity benchmarks Sensex & Nifty eked out marginal gains in a volatile trade on Nov 22, helped by buying in index majors.

Equity benchmarks Sensex and Nifty eked out marginal gains to settle in the positive zone after a highly volatile trade on November 22, helped by buying in index majors Infosys, ITC and Reliance Industries.

However, the rise in stocks was restricted amid unabated foreign fund outflows from the equity markets, traders said.

In a choppy session, the 30-share BSE Sensex climbed 92.47 points or 0.14% to settle at 66,023.24. During the day, it fell to a low of 65,664.85 and touched a high of 66,063.43.

The Nifty edged higher by 28.45 points or 0.14% to 19,811.85.

Among the Sensex firms, Infosys, NTPC, Power Grid, Titan, ITC, Tech Mahindra, Hindustan Unilever, Axis Bank, Tata Consultancy Services, Bajaj Finserv, Reliance Industries and UltraTech Cement were the biggest gainers.

In contrast, IndusInd Bank, Kotak Mahindra Bank, Mahindra & Mahindra, JSW Steel, HDFC Bank and Maruti were the major laggards.

In Asian markets, Seoul and Tokyo settled in the green, while Shanghai and Hong Kong ended lower.