Late Recovery Helps the Market To Close in Green

Markets ended a volatile session of trade higher as metal shares joined global rally after China avoided the path of raising policy rates. The Sensex fluctuated between gains and losses in a choppy session of trade. The benchmark Sensex moved in 400 points range, swinging between 19,321 to 19,711 levels. Finally, the Sensex ended with gains of 183 points at 19,692.The Nifty jumped recovered 112 points from the lows of the day to end at 5,908 - up 50 points from the previous close. Heavyweights helped the markets to rebound. Reliance Industries contributed the most, followed by Larsen & Toubro. Markets are on tenterhooks over raft of data expected this week: Inflation for the month of November on Tuesday, Federal Reserve Policy Meet on Wednesday and mid-term quarterly policy review on Thursday. Thursday will also see the advance tax payment of corporate which may show how the December 2010 earnings are likely to be. In the world markets, Asia ended mostly higher as investors took their Stride China's recent move to tame Inflation which is stubbornly high, over 5 per cent. The Shanghai Composite index was up 2.9 per cent, while Hong Kong's Hang Seng index was up 0.7 per cent. Japan's Nikkei Stock Average was up 0.8 per cent, South Korea's Seoul Composite added 0.5 per cent. Resource and metal shares were pulling the markets higher.