Sensex remains volatile ahead of settlement, ends with gains | business | Hindustan Times
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Sensex remains volatile ahead of settlement, ends with gains

business Updated: Jun 24, 2009 16:50 IST
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, June 24 (PTI)

Trading was volatile on the Bombay Stock Exchange on Wednesday as the benchmark Sensex closed nearly 99 points higher on fresh buying in engineering and technology stocks amid brokers covering pending positions ahead of the monthly derivatives segment expiry.

The Sensex, which was volatile in the last two trading sessions and surrendered notable ground, gained 98.72 points at 14,422.73. It shuttled between 14,479.82 and 14,207.02 points during the day.

The 50-share National Stock Exchange index Nifty also gained 45.95 points at 4,292.95, after moving between 4,307.00 and 4,218.25 points.

Rising Asian and European markets also supported the market during the day, ahead of the US Federal Reserve's decision on interest rates and any statement on the economy after its two-day policy meeting on June 23-24.

Marketmen said trading was choppy as some investors indulged in clearing pending positions in the derivatives segment, expecting firming trends in coming sessions.

They said the market is likely to witness another brief rally till the Budget on hopes that the government might pump in more money to boost the country's infrastructure.