Mumbai, July 13: Benchmark indices Sensex and Nifty recovered from early lows to close marginally higher in a volatile trade on Monday as buying in IT and consumer durable shares helped offset the impact of rebounding crude oil prices and escalation in West Asia tensions.
After a weak start, the 30-share BSE Sensex closed higher by 47.01 points, or 0.06 per cent, to settle at 77,616.40, marking its third straight day of gains.
The index opened sharply down by over 711 points and hit a low of 76,857.43 in early trade. However, buying in IT shares such as TCS and Infosys and consumer durables helped pare losses, with the Sensex rebounding around 931 points from the low to hit a high of 77,789.29. Profit booking in the last hour erased the gains. The 50-share NSE Nifty eked out an uptick of 4.10 points, or 0.02 per cent, to end at 24,211, registering its third day of gains.
Rupee falls 30 paise
The rupee depreciated 30 paise to close at 95.68 against the US dollar on Monday, weighed down by elevated crude oil prices after Iran declared the Strait of Hormuz closed. (PTI)
At the interbank foreign exchange market, the rupee opened at 95.72 against the American currency and traded in a range of 95.58-95.86 during the session. (PTI)
