Mumbai: The 30-share bellwether BSE Sensex recouped its losses to end higher in a volatile session on Tuesday after Indian manufacturing picked up slightly for the month of September.
The HSBC Manufacturing PMI, compiled by Markit, rose to 49.6 in September from 48.5 in August.
At 3.30pm, the BSE Sensex closed 0.71%, or 137.38 points, higher at 19,517.15 points, while the National Stock Exchange’s (NSE’s) broader 50-share Nifty rose 0.78%, or 44.75 points, to 5,780.05 points.
The Sensex opened Tuesday in the green on better-than-expected current account deficit numbers, but later shed its gains as the US government began a partial shutdown for the first time in 17 years.
The BSE Realty Index rose 2.69% to be the biggest gainer, while the BSE Oil&Gas index was the biggest loser, falling 0.62%.
Among the Sensex stocks, HDFC Bank Ltd rose 3.03% to Rs.611.70, Bharat Heavy Electricals Ltd (BHEL) advanced 2.95% to Rs141.40 and ICICI Bank Ltd gained 2.94% to Rs.911.
Tata Power Co. Ltd lost 3.82% to close at Rs.78, Sesa Goa Ltd declined 2.91% to Rs.175.45 and NTPC Ltd lost 2.87% to Rs143.95.
Data released on Monday showed India’s current account deficit widened to 4.9% of gross domestic product (GDP) in the June quarter from 3.6% in the previous three months, although the gap was less than expected.