Stock markets edge higher in volatile trade amid weak global cues

Benchmark equity indices Sensex and Nifty edged higher on Wednesday after a volatile trade amid weak cues from Asian and European markets along with unabated foreign fund outflows. The 30-share BSE Sensex advanced by 33.21 points or 0.05 per cent to settle at 64,975.61. During the day, it hit a high of 65,124 and a low of 64,851.06. The broader Nifty went up by 36.80 points or 0.19 per cent to close at 19,443.50 with 29 of its components closing in green and the rest 21 in red. Among the Sensex firms, Asian Paints, Titan, Larsen & Toubro, JSW Steel, ITC, Hindustan Unilever, Maruti and Reliance Industries were the major gainers. ICICI Bank, NTPC, Infosys, Tech Mahindra, Tata Steel and Bajaj Finance were among the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong settled lower. European markets were trading in the negative territory. The US markets ended in positive territory on Tuesday. Global oil benchmark Brent crude climbed 0.15 per cent to USD 81.73 a ...

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