The Indian headline indices-Sensex and Nifty ended higher after turning volatile in the last lap of trading on Wednesday. While the Sensex ended higher by 66 points at 39,112.74 from the previous close, Nifty50 settled flat at 11,691.45 level.
The major gainers among Sensex stocks are Tata Steel, NTPC and Kotak Mahindra, while top losers are Yes Bank, HeroMoto Corp and Tata Motors. Both the indices had opened higher in the morning amid positive global cues. After the US President said he would meet China’s President during G-20 meet, the global financial markets rallied on hopes that the two countries would iron out their differences and the fresh round of trade tariffs could be staved off. The investors are also hopeful of a dovish stance from the US Federal Reserve in its monetary policy to be announced today and a rate cut by European Central Bank.