The BSE benchmark Sensex on Wednesday closed 14 points up as investors covered up their pending positions before monthly expiry in the derivatives segment amid better global trend.
The Sensex gained by 14.10 points to close at 20,005. The gauge touched the day’s high of 20,073.46 and a low of 19,964.64 with 12 of the BSE index components ending with gains. The index had lost 113 points in last two sessions.
The broad-based National Stock Exchange index Nifty added 5.85 points to 6,066.75 led by stocks of realty, consumer durables and refinery stocks.
While the market was somewhat under pressure on investors clearing their positions before the monthly expiry in the derivatives segment, a better global trend supported the market.
Overseas investors were keen in the regional stocks as rupee strengthened over three-month high at Rs. 53.36 on the back of increased dollar inflow and upcoming disinvestment in public sector companies.
The market was supported on firming Asian trend and higher opening in Europe following a powerful performance on Wall Street, where the Dow closed near its record high.
Reliance Industries, a market trend-setter and index heavyweight advanced 1.87 per cent to Rs. 899.05, ended a four-day losing streak.
Private lender ICICI Bank shot up by 1.11 per cent to Rs. 1,214.25 ahead of quarterly earning results and Reserve Bank of India cutting key interest rate cut.