Surrendering most of its early gains, the S&P BSE benchmark Sensex today rose by 15 points in late morning trade on fresh buying at current level mainly in refinery, PSU, realty, metal and power counters amid weak global cues.
The 30-share index opened higher at 18,602.25 and moved up further to 18,630.25 on renewed buying in select counters. But it declined to 18,487.30 before quoting at 18,556.27 at 1030 hrs, still showing a gain of 15.38 points, or 0.08 per cent, from its last close.
The NSE 50-share Nifty was also quoted marginally higher by 0.70 points or 0.01 per cent to 5,590.95 at 1030hrs.
Major gainers were ONGC (2.06 per cent), Hindalco Ind (1.65 per cent), Bharti Airtel (1.52 per cent), HDFC Bank (1.27 per cent), RIL (1.21 per cent), M&M (1.14 per cent) and Coal India (1.09 per cent).
The market may remain volatile ahead of the expiry of the futures & options (F&O) June contract on coming Thursday, traders said.
Meanwhile, foreign institutional investors (FIIs) sold shares worth a net Rs 1,552.98 crore (over USD 260 million) yesterday, as per povisional data from the stock exchanges.
US stocks fell sharply yesterday, following a 5.3 per cent tumble in the Shanghai stock market overnight spurred by worries over China's economy and banking system.
