Odishatv Bureau
Mumbai: In extreme volatile movements the BSE benchmark sensex were in consolidatory mode ending up by 56 points to close at 17,150.95 with buying witnessed mainly in Auto, Banking, Capital Goods, Realty and FMCG sectors ahead of the Reserve Bank Of India`s policy meeting on Tuesday. The marginal decrease in headline inflation found mark in investors sentiment ahead on Tuesday Apex bank`s policy review meet on high expectation of rate cut.

Sustained foreign capital inflows coupled with higher European cues boosted the market sentiment to some extent, a broker said. The BSE benchmark sensex resumed lower at 17,047.87 and declined further to 17,010.16, But, later it recovered smartly to 17,173.06 before settling at 17,150.95, showing a net rise of 56.44 points or 0.33 per cent from its last Friday`s close.

The NSE broad-based 50-issue Nifty also moved up by 18.75 points or 0.36 per cent to close at 5,226.20. The Reserve Bank of India (RBI) is slated to announce a mid-quarter review of the monetary policy tomorrow. Meanwhile, overall inflation in March eased to 6.89 per cent as against 6.95 per cent in February

Foreign institutional investors (FIIs) bought shares worth Rs 137.25 crore on Sunday as per provisional data from the stock exchanges. In European markets, the key indices France`s CAC up by 0.89 per cent and Germany`s DAX by 0.69 per cent, while Britain`s FTSE down by 0.42 per cent. Asian markets closed lower on renewed concerns about Europe`s debt crisis. the key indices China, Hong Kong, Japan, South Korea and Taiwan ended down between 0.09 per cent and 1.74 per cent. While, Singapore edged up by 0.14 per cent.

Overall, 15 out of 30 Sensex scrips closed in the green while others finished in the red. Tata Motors shot up by 3.91 pct followed by SBI 2.44 pct, ITC by 2.07 pct, L&T by 1.54 pct, Maruti Suzuki by 1.41 pct, Icici Bank by 1.02 pct and Tata Steel by 0.97 pct and Bhel by 0.87 pct. However, Bharti Airtel fell by (1.74 pct), Infosys (1.41 pct), Sun Pharma by (1.20 pct) and Hul (0.68 pct).

Among sectoral indices, the BSE-Auto rose by 1.31 pct, Bankex by 1.22 pct, BSE-Capital Goods by 1.10 pct, BSE-Realty by 1.00 pct and BSE-FMCG by 0.97 pct. The total market breadth at the BSE was turned positive, as 1,551 stocks gaining ground, while 1,223 finished with losses. The total turnover dropped sharply to Rs 1,799.55 crore from Rs 2,961.77 crore last Friday.

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