Mumbai: The benchmark Sensex today closed higher by a moderate 32 points after wiping off the losses in early trade on buying support in interest sensitive bank and auto counters. The 30-share Sensex, which commenced the day with a loss of about 164 points, rebounded to close with a gain of 31.87 points at 14,482.22. The barometer touched the day's high of 14,495.27 and a low of 14,286.38 points, reflecting high volatility in trade.
National Stock Exchange index Nifty also rose by 2.15 points at 4,337.50 after dipping to 4,283.30 and rising to 4,345.05 points during the day. Marketmen said that the buying picked up on investors unfolding their pending positions ahead of the settlement in futures and option trading to be held on Thursday.
Banking index was the biggest gainer and closed higher by 1.73 per cent. HDFC Bank spurted by Rs 47.35 at Rs 1,255.45, ICICI Bank by Rs 11.05 at Rs 666.90, State Bank of India rose by Rs 14 at Rs 1371.45 and Punjab National Bank by Rs 6.85 at Rs 458. (PTI)