The broader NSE Nifty gained for the first time in four sessions to close up 0.92 percent at 8,002.30.
Sensex, after falling to a low of 26,106.78 on sustained foreign fund outflows, recovered briefly to hit a high of 26,349.02, before dipping again by 77.38 points, or 0.30 per cent, to 26,150.24, its lowest level since May 25, 2016.
Markets ended higher for the second straight day, with the Sensex rising 91 points to close above the 26,000-mark on sustained buying by domestic institutions amid positive global cues.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) declined by 145 points, or 1.80 per cent, to 7,929.10 points. While the Nifty 50 fell 6.3% from November 8 until November 22, the S&P BSE Sensex fell 5.9% during the same period. It will also dent the business margins of corporate sector, as access to capital from the United States will become more expensive. "The higher crude oil prices on expectations of a production cut in December did not bring any respite to the markets", Anand James, Chief Market Strategist, Geojit BNP Paribas Financial Services, told IANS.
Du Plessis reveals Aussies' BIG mistake post Hobart Test victory
The final game of the series which will also be a day-night encounter will be played between 24th and 28th November. Yet it's the Australians who are in disarray.
In addition to selling in October, FIIs remained net sellers in the current month, offloading shares worth Rs 10,267 crore in last seven sessions. Analysts have predicted a volatile Indian market during the next two weeks.
The Auto and Metals index witnessed massive recovery, closed up by 362 points and 266 points, respectivley.
Top gainers on BSE were - Larsen & Toubro at Rs 1377.50 (3.63%), followed by Tata Steel at Rs 385.10 (1.88%), Power Grid at Rs 187.05 (1.60%), Asian Paints at Rs 921.45 (1.55%) and Sun Pharma Industries at Rs 695.50 (0.83%). Find us on Facebook too!