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Our Bureau

Mumbai, Oct. 20 The Sensex ended a volatile session on Monday with a gain of 247 points, after three days of continuous decline. The benchmark index closed at 10223.09, up 2.48 per cent from Friday’s close.

The Nifty closed at 3122.8, up 1.58 per cent.

The markets opened on a positive note taking cues from the Asian and European markets. The Sensex went up as much as 562 points in intra-day trade, but started its descent at noon. RBI’s move to cut the short-term lending rate did not stop foreign institutions from selling; FIIs were net sellers for Rs 816.79 crore, while domestic institutions were net buyers for Rs 216.43 crore.

“Traders seem to be taking the exit route whenever the markets go up slightly, and that is what happened today too”, said Mr. Alex Mathew, Head of Research at Geojit Financial Services.

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