- Tag results for BSE Sensex
Finance Ministry nominees and some independent directors are expected to take on Governor Urjit Patel and his team later in the day over issues ranging from MSME credit to the central bank's reserves.
Pharma and information technology shares tumbled due to stronger rupee which rose 50 paise to 72.17 against the US dollar (intra-session) in late afternoon trade.
Easing global crude oil prices, which slipped below the USD 70 a barrel, and rupee recovering lost ground also helped build positive sentiments.
The government would release the Consumer Price Index (CPI) for October and the industrial production data for September later in the day.
Though sectors like IT, healthcare and capital goods saw good sellout, oil and gas stocks saw a decline in buying.
IT stocks were battered by a stronger rupee. Software services exporter Infosys Ltd, which closed 2.9 per cent weaker, was the biggest drag on the index.
The 30-share Sensex rallied 550.92 points, or 1.63 per cent, to close at 34,442.05, while the broader NSE Nifty surged 188.20 points, or 1.85 per cent, to end above the 10,350 mark at 10,386.60.
The 30-share benchmark index fell 176.27 points, or 0.52 per cent, to close at 33,891.13; while the broader NSE Nifty lost 52.45 points, or 0.51 per cent, to end at 10,198.40.
Most Asian markets skidded to multi-month lows and European shares opened sharply lower on worries over corporate earnings and global growth.
Global markets reeled after US stocks plummeted Wednesday as a sharp drop in tech shares and worries about corporate earnings and disappointing outlooks added fuel to the meltdown across the board.
The Sensex swung nearly 575 points during the session on heavy buying and selling by participants.
The 30-share Sensex climbed 444.39 points, or 1.31 per cent, to 34,291.62 with all the sectoral indices led by realty and oil&gas trading in the positive zone, by rising up to 2.11 per cent.
The 30-share index slipped dropped 204.78 points, or 0.60 per cent, to 33,929.60. The benchmark had lost 1,028 points in the previous three sessions.
BSE Sensex closed down 0.53 percent at 34,134.38, the broader NSE Nifty ended 0.57 percent lower at 10,245.25.
Brokers said the emergence of buying by investors, driven by positive trend at other Asian bourses, and encouraging quarterly earnings from HDFC Bank, influenced trading Sentiments.