Sensex closes 139 points up despite erasing half of intra-day gains

Sensex closes 139 points up despite erasing half of intra-day gains

Indian markets ended higher on Tuesday snapping earlier losses.

At 3.30 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE closed the day's trade at 33,136.18 points, up by 139.42 points or 0.42 per cent, from its previous close of 32,996.76 points.

The benchmark index of Bombay Stock Exchange (BSE) on Tuesday rallied by 347.52 points to 33,344.28 in opening trade as brisk buying was witnessed across the board.

According to market observers, some caution prevailed ahead of the US Federal Reserve's meeting slated to begin later in the evening.

HDFC Group stocks and Reliance Industries helped the market close higher but the selling pressure in ICICI Bank and Tata Stocks capped upside.

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On Wednesday, Asian indices were mostly showing a positive trend.

Hero MotoCorp down 1%, among laggards on the Nifty 50 index.

While Japan's Nikkei 225 remained closed on local holiday, Hang Seng up by 1.15 per cent, South Korea's Kospi was also up by 0.11 per cent.

Apart from Nifty50 stocks, JK Lakshmi Cement, VIP Industries, Shoppers Stop, IDBI Bank, DHFL, M&M Financial, Jubilant Foodworks, PNB Housing Finance, BEML, Radico Khaitan, United Spirits, Oberoi Realty, Indiabulls Real Estate, and Balrampur Chini gained up to 9 percent. China's Shanghai Composite index was quoting in green, up by 0.43 per cent.

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