As Nifty recovers on the back of stronger rupee and declining crude oil prices, global trends and the upcoming RBI Board meeting are going to direct the markets next week. Watch Vikas Jain, Senior Research Analyst, Reliance Securities in BusinessToday.In's Weekly Market Wrap to know more.

While the Sensex gained 118 points or 0.34% to 35,260, the Nifty rose 0.38% or 40 points to 10,616 level.

Sameet Chavan, Chief Analyst, Technicals and Derivatives at Angel Broking, takes viewers through all the market action today. Benchmark equity indices gave up early gains to end a shade lower at 35,141.99 after a highly volatile session Wednesday as losses in pharma and information technology shares offset gains in energy, banking and metal stocks, amid weak global cues. The BSE Sensex swung nearly 365 points both sides on heavy buying and selling during the session.

Tata Motors (4.84%), Hero MotoCorp (3.82%) and PowerGrid 2.87% were the top Sensex losers. Of 30 Sensex stocks, 25 closed lower.

A weak trend in gold markets as the dollar firmed after the US Federal Reserve kept interest rates steady with another hike expected next month, diminished the appeal of gold as safe haven.

The benchmark Sensex has gained 2,407.56 points, or 7 per cent, in the Hindu Samvat year 2074, while the broader NSE Nifty rose by 319.15 points, or over 3 per cent.