The Bombay Stock Exchange benchmark index, Sensex, recovered by over 51 points to end at 19742.52 points on the back of late buying in FMCG and banking stocks.
The broad-based National Stock Exchange index, Nifty, regained the 6,000 mark, helped by gains in FMCG giant ITC and housing finance major HDFC. The Nifty closed up by 13.30 points to end at 6001.70 points. ITC and HDFC were the top gainers from the Sensex pack and contributed the most to the index gains, mainly helping in the fag-end recovery.
The 30-share Sensex initially moved in a narrow range in the negative terrain till late afternoon. But fag-end buying pushed it up to settle at 19742.52, a rise of 51.10 points. SBI rose by 1.07 per cent after Bank of America Merrill Lynch upgraded the stock along with two other banks on hopes of rate cut by the Reserve Bank.
The rupee broke its three-session losing string and closed higher by 25 paise at 54.98 against the dollar following fresh selling of American currency by exporters.—PTI