Equity benchmark indices Sensex and Nifty finished in the green on Wednesday, 19 June, despite shedding huge gains made in early trade.
The 30-share BSE index gained 66.40 points to close at 39,112.74, while the broader 50-share NSE Nifty finished at 11,691.45, down 0.05 points.
In morning trade, Sensex went up by close to 400 points to hit the intra-day high of 39,435.80, but could not hold on to the gains in afternoon trade.
Among sectors, Nifty Metal sub-index gained more than half a percent, however Nifty Pharma lost close to 2 percent.
Global equities are witnessing a liquidity-fuelled rally as comments from central banks globally hinted at a rate cut, said Sunil Sharma, Chief Investment Officer, Sanctum Wealth Management.
"In a scenario of slowing global growth and benign crude prices, policymakers are reverting to easy monetary policy and lowering the cost of capital," he added.
Investors across the globe are awaiting the outcome of US Federal Reserve's policy, scheduled to be announced later in the day.
Elsewhere in Asia, Shanghai Composite Index, Hang Seng, Nikkei and Kospi were trading significantly higher in their respective early sessions.
Bourses on Wall Street too ended in the green on Tuesday.
Meanwhile, on a net basis, foreign institutional investors bought equity worth Rs 31.73 crore, while domestic institutional investors purchased shares to the tune of Rs 181.03 crore, provisional data available with stock exchanges showed on Tuesday.
On the currency front, the Indian rupee appreciated 16 paise to 69.53 against the US dollar.
The global oil benchmark Brent crude futures were trading 0.03 per cent lower at 62.12 per barrel.
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