Indian markets erased some of the previous-session losses and ended higher with Nifty around 22,650 on May 2, as market participants digested the Fed Chair’s comments on rate hike after keeping key interest rates unchanged on May 1 meeting.
At close, the Sensex was up 128.33 points or 0.17 percent at 74,611.11, while the Nifty was up 43.35 points or 0.19 percent at 22,648.20.
The market erased opening losses and traded higher throughout the session with Nifty crossing 22,700 led by buying seen across the sectors except realty and banking. However, the second-half selling pressure erased some of the intraday gains.
BPCL, Power Grid Corporation, Asian Paints, Bajaj Auto and Tata Motors were among the top gainers on the Nifty, while losers were Kotak Mahindra Bank, Bharti Airtel, Tata Consumer, Axis Bank and HDFC Life.READ MORE