Mumbai, August 18: Recovering its early losses, the Bombay Stock Exchange benchmark index Sensex rose by 173 points in late morning trade amid continued FII pullout from the stock market.
The 30-share barometer was quoted at 14,958.09 points, a gain of 173.17 points over its previous close.
The Sensex had fallen by 627 points or 4 per cent yesterday after a decline in the US consumer confidence index adversely affected global markets.
Foreign Institutional Investors (FIIs) sold shares worth Rs 1,226.49 crore on August 17, as per the provisional data.
The broader 50-share Nifty of the National Stock Exchange also gained 55.45 points at 4,443.35 points at 1100 hrs.
Brokers said the market is expected to remain volatile during the day due to alternate bouts of buying and selling.
Asian markets, however, were trading the red with China’s Shanghai Composite being down more than one per cent.
–PTI