New Delhi/ Mumbai | Jagran Business Desk: The 30-share BSE Sensex and NSE Nifty 50 on Friday ended on a flate note after a choppy session. The BSE Sensex opened weak and declined 414.44 points to 55,049.95 in opening deals. But within minutes, it pared all its losses and jumped 369.56 points to 55,833.95.
Facing volatility, the index finally settled at 55,550.30, higher by 85.91 points or 0.15 per cent. Similarly, the broader NSE Nifty gained 35.55 points or 0.21 per cent to close at 16,630.45.
From the 30-share Sensex pack, Sun Pharma, Dr Reddy's, PowerGrid, ITC and Titan were among the lead gainers. In contrast, Nestle, Maruti Suzuki India, Tata Steel, NTPC, UltraTech Cement and Axis Bank were among the laggards.
In the previous session, the Sensex and Nifty had closed at 55,464.39 and 16,594.90, rising by 1.50 per cent.
"Indian market witnessed a strong recovery after a brutal fall thanks to some positive news flows on the Russia-Ukraine standoff that to rally in global equity markets and cool off in commodity prices," news agency PTI quoted Santosh Meena, Head of Research, Swastika Investmart Ltd, as saying.
"The outcome of state election results is also acting as a tailwind for the Indian equity market however, it has the impact of only one day and the main focus of the market will remain on the Russia-Ukraine issue because there are still uncertainties."
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"US inflations numbers will be announced today and it will act as a critical factor in the upcoming US Fed meeting. Markets are likely to remain volatile till the Fed meeting," Meena added.
Meanwhile, international oil benchmark Brent crude jumped 1.93 per cent to USD 111.4 a barrel. Foreign institutional investors continued their selling spree in Indian markets as they offloaded shares worth Rs 1,981.15 crore on a net basis on Thursday, according to exchange data.
(With inputs from PTI)