Sensex gains 53 pts, Nifty recovers 10,900-mark

Mumbai, Jan 17 Benchmark indices closed higher for the third straight session Thursday on stock-explicit activity in the midst of blended signals from the worldwide markets.

After gyrating nearly 300 points, the BSE Sensex settled 52.79 points, or 0.15 percent, higher at 36,374.08. The more extensive NSE Nifty crawled up 14.90 focuses, or 0.14 percent, to 10,905.20.

In the Sensex pack, Axis Bank, HCL Tech, M&M, TCS, HDFC, Kotak Bank, PowerGrid, Hero MotoCorp and Vedanta were among the best gainers, ascending to 1.91 percent.

Sun Pharma was the biggest loser, cracking 5.78 per cent.

Other laggards were Yes Bank, SBI, Bajaj Finance, Tata Steel, Bharti Airtel and ONGC, declining up to 3.31 percent.

RIL and HUL declined up to 1.12 percent in front of their quarterly results.

Indices swung between positive and negative territory as uncertainty prevailed ahead of the between time spending plan and interim budget and key corporate results, said Paras Bothra, President, Equity Research, Ashika Group.

IT stocks supported the market on account of weaker rupee, while real estate stocks also seen positive energy as there are signs that most exceedingly awful might be over for the sector, Bothra included.

According to Vinod Nair, Head of Research, Geojit Financial Services, global trade tensions and risk of recession will cast cloud over the sentiment while lack of major triggers in the domestic market could steer a range-bound movement in the near term.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 90.10 crore Wednesday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 304.27 crore, provisional data available with BSE showed.

The rupee, in the mean time, was trading 6 paise higher against the US dollar at 71.18.

The benchmark Brent rough fates slipped 0.95 percent to USD 60.74 per barrel.

Somewhere else in Asia, Shanghai Composite Index lost 0.42 percent, Hong Kong's Hang Seng fell 0.54 percent and Japan's Nikkei shed 0.20 percent, while Korea's Kospi finished 0.04 percent higher.

In Europe, London's FTSE fell 0.56 percent, Frankfurt's DAX was down 0.54 percent and Paris CAC 40 dropped 0.32 percent in early deals.