The Sensex rose 74 points early on Thursday on buying pick-up as investors shrugged off weak Asian cues after the US Fed hiked its key rate.

An appreciating rupee brought more cheer.

The Sensex washed out initial gains and the NSE dropped below 9,600 in the late morning trade on Wednesday on account of selling pressure, mainly in the metal counter.

The 30-share gauge resumed higher before dropping to 31,079 at 1209 hours, down 24.49 points, or 0.08%.

The Sensex picked up cues from a lacklustre Asia as it stumbled 156 points in the beginning of the week after investors started to take profit ahead of key IIP and inflation numbers due later in the day.

Asian shares traded in the negative territory after polls in the UK threw up a hung Parliament and markets await the results of the first round of France's parliamentary elections.

Mumbai: The BSE benchmark Sensex and broader NSE’s Nifty on Friday rebounded about 49 points to close at 31,262.06 on fag-end buying in sectors such as realty, metal, auto, banking and health care amid a firming trend in global markets. Furthermore, covering-up of short positions by bears too supported the late recovery in stocks, helping wipe off initial losses.

The 30-share index started on a bearish note at 31,196.86 stayed in the negative terrain for most part of the day to hit a low of 31,087.28 as participants indulged in trimming their positions to lock in gains. However, late buying helped it stage a strong comeback to wipe off day’s losses to scale a high of 31,289.99 before ending 48.70 points, or 0.16%, higher at 31,262.06.

The market benchmark Sensex erased initial gains in late morning deals following emergence of selling in sectors like IT, teck, energy, telecom and realty. On the other hand, metal and healthcare stocks witnessed sustained buying. Cautious trade in global markets ahead of the UK elections and testimony from sacked FBI head James Comey on his probe into Donald Trump’s links to Russia also influenced sentiment, brokers said.

It was a record setting spree for the markets early on today as the NSE Nifty crossed the 9,700-mark for the first time and BSE Sensex shot up by 121 points to hit a fresh all-time high of 31,430.32.

Trading sentiments got a boost as investors widened positions ahead of the Reserve Bank's monetary policy review meet tomorrow amid a mixed trend in Asian region, brokers said.

The BSE Sensex fell over 75 points to 31,070 and the Nifty slipped below 9,600-mark in early trade on Thrusday as participants trimmed their positions, triggered by lower GDP numbers and core infrastructure sectors growth.

Trading sentiment suffered a setback after macroeconomic indicators such as GDP numbers and core sector growth showed that the country's economic growth has slowed down.

The BSE Sensex hit a fresh record high of 31,233 by surging over 74 points, and NSE Nifty touched fresh lifetime high of 9,638 in early trade on Wednesday on sustained buying by domestic institutional investors.

Rising for the fifth straight day, the 30-share index rose by 74.28 points, or 0.23%, to hit a new peak of 31,233.68.

Snapping its record-setting spree, the benchmark BSE Sensex fell over 41 points in early trade today as participants locked-in gains at current levels amid disappointing quarterly earnings.

Besides, absence of cues too negatively impacted trading sentiments as most of other Asian markets are shut.

Stock markets came off their peak and turned weak on Monday after two back-to-back sessions of gains as the benchmark Sensex cracked below 31,000-mark after investors indulged in profit-booking. Besides, muted earnings from some companies weighed on sentiment.

The 30-share index slipped below the 31,000-mark by falling 158.31 points, or 0.51%, to 30,869.90 as profit-booking set in recent gainers. The gauge had gained 726.57 points and closed at life high of 31,028.21 after scaling an intra-day record high of 31,074.07 on Friday.

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