Markets end higher as inflation cools to 6-year low in April

Equity benchmark indices Sensex and Nifty ended higher Wednesday due to selective buying support amid easing inflation and positive global cues.

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Besides, heavy rush on metal and industrial counters and unabated foreign capital inflows supported the positive trend in the equity markets, traders said.

The 30-share BSE benchmark Sensex climbed 182.34 points or 0.22 per cent to settle at 81,330.56. The gauge hit a high of 81,691.87 and a low of 80,910.03. As many as 2,857 stocks advanced while 1,121 declined and 147 remained unchanged on BSE.

The NSE Nifty rose 88.55 points or 0.36 per cent to 24,666.90.

“Markets were choppy in intra-day trade but managed to end in the green on selective buying support as investors don't want to rush into equities after Monday's strong optimism. While foreign fund flows in the domestic market will be critical going ahead, investors are worried that the US-China settling tariff disputes could revive foreign investors' interest in Chinese markets again,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.