Final Trade: Nifty tops 23,200 levels, Sensex adds 115 points

Indian equities amid sharp recovery in the broader markets after continued sell-off ended in the green. At the close, Nifty ended 0.22 per cent higher or 50 points at 23,205.35, while the BSE 30-share Sensex ended 0.15 per cent higher or 115.39 at 76,520.38. The markets ended higher for the second consecutive session despite continue FII sell-off and ongoing global changes.

Sectorally, IT and consumer durable stocks led the gains, followed by pharma and realty among others. However, banks, financial services and oil & gas stocks ended in the red.

From the Nifty pack, top gainers included stocks like UltraTech Cement, Grasim Industries, Wipro, Shriram Finance and Eicher Motors, while laggards were BPCL, Kotak Mahindra Bank, HCL Technologies, Power Grid Corporation and Reliance.

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Prashanth Tapse, Senior VP (Research), Mehta Equities said, "Markets were range-bound with a mixed bias intra-day and ended slightly higher as investors resorted to select buying in the beaten down IT, telecom and realty shares."

The sharp fall in rupee against the dollar, which has been fuelling foreign fund outflows over the past few months, is making investors jittery, he added.

Markets outlook going ahead

Upcoming events such as the Union Budget announcement due next week together with earnings are expected to induce further volatility into the market.

European markets

European shares traded mixed trading below the record high hit in the previous session as investors tracked a slew of corporate earnings. German DAX was up 0.19 per cent, while the French CAC was up 0.11 per cent.