Mumbai, March 22: A benchmark index for Indian markets was witnessing volatile trading in Thursday’s afternoon session amid a rise in oil prices and a sharp drop in the value of the rupee.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the negative at 17,586.06 points, was trading at 17,549.61 points in the afternoon session, down 0.30 percent or 52.10 points from its previous close at 17,601.71 points.
The Sensex touched a high of 17,687.01 points and low of 17,509.42 points in the intra-day.
The 50-scrip S&P CNX Nifty of the National Stock Exchange was also range-bound. After trading in the positive in the morning session, Nifty was ruling 0.39 percent down at 5,344.20 points.
There was heavy selling pressure in realty, oil and gas and metal stocks.
The BSE realty index was down 1.30 percent. The oil and gas index was ruling 0.98 percent down the metal index was trading 0.57 percent lower.