Sensex, Nifty end marginally higher; steel companies surge amid volatility

The NSE Nifty 50 index closed 0.2% higher at 14,894.9, while the benchmark S&P BSE Sensex gained 0.06% to 49,765.94. Both indexes rose more than 1 per cent each earlier in the session.

Indian shares ended at their highest level since mid-March in a volatile session on Thursday as a surge in stocks of steelmakers, following changes to China's tariffs on the metal, offset losses in automakers. The NSE Nifty 50 index closed 0.2% higher at 14,894.9, while the benchmark S&P BSE Sensex gained 0.06% to 49,765.94. Both indexes rose more than 1% each earlier in the session. The Nifty and Sensex also registered their longest winning streak since early February, even as confirmed COVID-19 cases in India rose above 18 million, with a record rise in infections over the last 24 hours.