Equity indices Sensex and Nifty traded volatile on Thursday and rose as investors awaited stronger global cues and GDP figures.
US economic reports point to a slowdown in growth, which may mean that the US Federal Reserve may not take aggressive rate hikes. According to analysts, US GDP grew by 2.1 percent in the second quarter of this year, which is less than previously expected.
On Thursday, the 30-share Sensex rose 49.13 points, or 0.08 percent, to 65,136.38, while the broader Nifty gained 4.25 points, or 0.02 percent, to 19,351.70.
Indices opened positive, then fell and regained lost ground to trade in the green. Most Sensex stocks were in positive territory, with Jio Financial Services up 4.98 percent, while Maruti Suzuki and Axis Bank rose more than 1 percent.
As many as 29 stocks traded in the green in the Nifty pack.