- Tag results for Nifty
While Sensex rose 115.89 points by 0.33 per cent, NSE Nifty was trading higher by 30.25 points by 0.29 per cent.
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.
While Nifty is trading at 10,623.65, Sensex was trading at 35,316.07.
Easing global crude oil prices, which slipped below the USD 70 a barrel, and rupee recovering lost ground also helped build positive sentiments.
The 30-share index fell over 140 points in opening trade but soon recovered the lost ground to quote higher by 46.12 points or 0.13 per cent at 34,859.11.
Further impacting domestic market sentiments, the Indian rupee again breached the 73-mark, dropping 57 paise (intra-day) to 73.07 against the dollar.
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.
The 30-share Sensex was quoting 155.14 points, or 0.44 per cent higher at 35,313.69 points. The gauge had lost over 79 points on Friday.
Investors are awaiting CPI data Monday, which is expected to come down slightly due to a recent cut in fuel taxes and fall in oil prices.
The broader Nifty, which fell as much as 0.5 per cent in early trade, was up 0.16 per cent at 10,615.8 as of 0545 GMT. The benchmark Sensex was 0.12 per cent higher at 35,280.59.
The benchmark Sensex has gained 2,407.56 points, or 7 per cent, in the Hindu Samvat year 2074, while the broader NSE Nifty rose by 319.15 points, or over 3 per cent.
The Sensex fell below the 35,000-level to touch a low of 34,811.60 due to heavy selling pressure in view of foreign capital outflows and weak global cues.
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.