Indian shares ended positive on Monday after a day of largely choppy trade. The BSE Sensex ended gaining more than 97 points, or 0.28 percent, at 34,474, while the NSE Nifty50 also settled higher at 10,348, up by 31.55 points, or 0.31 percent after a day of high volatility. The BSE frontline-index traded in a range of 663 points. The Nifty also recovered 150 points from the lows.

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Reliance Industries contributed 54 points to the Nifty's gains and well supported by Kotak Mahindra Bank and Yes Bank as well as auto majors, while HDFC twins dragged indexes lower.

Oil marketing companies gained as Brent crude oil prices slipped to $83 per barrel. Although market breadth has improved, but it still remains in favour of declines with the NSE advance-decline ratio at 1:3.

(Market update as of 3.45 pm)

Sensex, Nifty recover after volatile start; Reliance Industries, Yes Bank surge, Vedanta falls

The Indian market recovered after a volatile start on Monday, largely led by a surge in shares of Reliance Industries along with good support from banking, auto and select consumer stocks. Gains were, however, capped as financials, metals, IT and FMCG major Hindustan Unilever and ITC underperformed.

The BSE Sensex traded at 34,566.18, higher by 189.19 points, or 0.55 percent at 11.45 am, while the NSE Nifty50 was at 10,377.10, gaining 60.65 points, or 0.59 percent.

The Sensex has touched the day's high of 34,636.43 and the Nifty has touched the day's high of 10,398.35.

Broader indices traded mixed with BSE MidCap and BSE SmallCap down by 0.45 percent, while the BSE LargeCap gaining 0.46 percent. The Nifty MidCap traded weak, lower by 0.28 percent, while Nifty Junior was flat.

Oil & gas and energy gained 2 percent and 3.7 percent, respectively on the BSE sectoral indices, while IT, metal, realty and teck dipped by up to 1.66 percent. Bankex surged 1.01 percent.

On the NSE, Nifty Bank surged 0.8 percent, while both PSU and PVT Bank rose over a percent. IT and metal dipped by 1.88 percent.

The rupee traded at 73.92 against the US dollar at 11.58 am, after opening lower at 73.95. The Indian currency closed at 73.77 against the greenback on Friday after the Reserve Bank of India kept key policy rates unchanged.

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First Published:Oct 8, 2018 12:13 PM IST