(RTTNews) - The Indian market ended a volatile session modestly higher on Monday amid some intra-day profit taking in rate-sensitive banking and realty stocks. FMCG, IT and capital good stocks slipped into the red, while metal, consumer durable and auto stocks gained, offering some support.
The uncertainty surrounding global markets and a report on Q1 GDP due on Tuesday also limited the upside. Also, investors await a slew of economic reports from China, U.S. and the European Union this week for clues on the prospects of the global economic recovery.
While the 30-share Sensex ended up about 34 points or 0.19% at 18,032, the 50-share Nifty rose by 7 points or 0.12% to 5,415. The BSE small-cap and mid-cap indexes closed almost unchanged, and in the broader market, declining shares outpaced gaining ones by 1599 to 1348.
Among individual stocks, Tata Steel (up 3.49%), Bharti Airtel (up 2.12%), ONGC (up 2.03%) and Hindalco Industries (up 1.96%) were among the prominent gainers.
Elsewhere in Asia, stocks skyrocketed on Monday, latching on to the positive lead from Wall Street last Friday.
Additionally, traders were encouraged by an announcement from the Bank of Japan that it would introduce a new 10 trillion yen six-month fund supplying measure in addition to the 20 trillion yen three-month loan measure it already has in place, as the nation grapples with a strengthening yen in the face of the economic uncertainties.
