The S&P BSE Sensex and Nifty50 could just wrap up the year with 4 per cent and 1 per cent gains, respectively.

The BSE SENSEX closed at 35,150.01, up by 190.29 points, or by 0.54 per cent and the NSE Nifty ended higher by 60.70 points, or 0.58 per cent, at 10,549.15.

The BSE SENSEX closed 713.53 points, or 2 per cent, lower at 34959.72, and the NSE Nifty ended at 10477.3, down by 216.4 points or by 2.02 per cent.

Dragged by sharp selling, index heavyweight Reliance Industries and oil stocks were reeling under pressure with the S&P BSE Oil & Gas index and Nifty Energy index losing 2.14 per cent and 2.56 per cent, respectively.

State election results, macro-economic data and the ongoing geo-political tension may add to the ongoing volatility in the market, which is already under pressure due to falling rupee and rising crude oil prices.

The dip in crude oil prices will ease the pressure on inflation and current account deficit.

Regulator Sebi and the stocks exchanges will step up their surveillance mechanism to check any market manipulation in the wake of exit polls released after market hours Friday.

OPEC to consider views of PM Modi, other world leaders before cutting oil production, says Saudi ministerOil cartel OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said . India is the world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its...

India led by Modi, has been strongly making a case for oil producers' cartel OPEC to price crude at reasonable and responsible rates