Sensex edges higher; more volatility seen in store

The Sensex edged higher from two-month lows hit earlier on Friday, as software exporters like Infosys advanced on hopes a record low rupee would improve overseas earnings and helping indexes end a tough week on a brighter note.

The Sensex fell 2.1 per cent for the week, posting a third weekly decline after emerging markets were hit hard by the US Federal Reserve's signal of a rollback in its monetary stimulus and weak manufacturing data in China. The Sensex rose 0.29 per cent, or 54.95 points, to end at 18,774.24, after falling to its lowest intraday level since April 16 earlier in the session. The broader Nifty rose 0.21 per cent, or 11.75 points, to end at 5,667.65, after hitting its lowest since April 16 earlier in the day. The index closed down 2.4 per cent for the week.