Sensex up 68 points at 38,163 amid sharply volatile session

Equity benchmark indices opened on a high note for the seventh consecutive session on Tuesday but volatility was spread across all sectors.

At 11:15 am, the BSE S & P Sensex was up 68 points at 38,163 while the NSE Nifty 50 was up 14 points at 11,476.

Anil Dhirubhai Ambani Group stocks were up with Reliance Communication gaining 10 per cent followed by Reliance Capital, Reliance Power, and Reliance Naval and Engineering, which gained 5 per cent each on the Bombay Stock Exchange.

The spurt came after Mukesh Ambani rescued Anil's R-Com and helped him to clear Rs 453 crore Ericsson dues.

Among other gainers on National Stock Exchange were Sun Pharma, Bharti Airtel, GAIL, Grasim and HCL Tech. However, Hero MotoCorp, Eicher Motors, Larsen & Toubro, JSW Steel and Bajaj Auto lost the most.

Meanwhile, Asian shares moved in tight ranges ahead of the two-day US Federal Reserve policy meeting which will set the tone for borrowing costs.

Worries over Brexit continued. On Monday, British members of Parliament cast doubt on Prime Minister Theresa May's third attempt to back her Brexit deal.

And the Speaker of Parliament ruled that she could not put her plan to split from European Union to a new vote unless it was re-submitted in a fundamentally different form.

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