Markets extend winning run on fag-end buying; Nifty rises 42.70 points

Equity benchmarks staged a fag-end recovery to close in the green for the sixth straight session on Wednesday, propelled by IT counters and Reliance Industries amid continuous foreign fund inflows and a largely positive trend in global markets. However, macroeconomic data and a sharp drop in the rupee capped the gains, traders said. 

In a volatile session, the 30-share BSE Sensex ended 214.17 points or 0.37 per cent higher at 58,350.53. During the day, it hit a high of 58,415.63 and a low of 57,788.78. The broader NSE Nifty went up by 42.70 points or 0.25 per cent to