Sensex closed 33.29 points up at 35,962.93 on Friday while the Nifty ended 13.90 points higher at 10,805.45 ahead of the RBI board meeting, the first one to be chaired by the newly appointed governor Shaktikanta Das.
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The benchmark indices turned volatile with profit booking by investors after a three-day rally dragged Indian shares in red. Finance, auto and pharma sectors led losses offsetting gains in FMCG, IT and PSU bank stocks.
Oil prices eased after rising over 2 percent the day before but were supported by hopes the market will tighten more quickly than expected.