-Indian shares traded volatile to end slightly higher Friday as wary investors exercised caution ahead of a long weekend.

The Bombay Stock Exchange’s Sensitive Index was up 0.2%, or 30.19 points, to 16,741.30, with 18 of the 30 index constituents ending higher. The index, which has risen 2.9% this week, traded between 16,610.05 and 16,765.03 during the day.

Shares of Reliance Industries Thursday dropped 2.5% in heavy trading in Mumbai, capping gains for the broad market, with the Indian refining major saying a trust controlled by a subsidiary sold 15 million shares in a $660 million deal. The stock, which commands a weighting of more than 13% in the 30-stock Sensex, was recently trading at 2,129.90 rupees a share ($44.1) on the Bombay Stock Exchange, compared with the average sale price of 2,125 rupees a share.

Trading volumes on the BSE totaled 10.59 million, while volumes on the National Stock Exchange stood at 11.2 million shares. The Sensex was recently up 0.5% at 16,767.58

Nifty is finding resistance around 5000 level and has not been able to close about that since two days.

Top Stories

10:25AM Navneet Publications allots bonus shares…
10:21AM ITC allots ordinary shares…
10:18AM Suave Hotels to hold board meeting…
10:13AM Indokem’s director passes away…
10:12AM Reliance Industries mulls Lyondell bid – TV…