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Sensex ends 1 pct higher after volatile session

Indian markets remained volatile throughout the day but the Sensex managed to close nearly 1 percent higher, tracking gains in global bourses.

A weak early morning session was followed by a bounce back, leading the benchmark index to 9302. But it pared gains later to close at 9149.

Index heavyweights like Reliance Industries (up 1.9 percent), ITC (up 1.8 percent) and Bharti Airtel (up 1.5 percent) led the rise.

Oil & Gas stocks did well in trade, sending the Oil & Gas index up 1.4 percent. Shares in Cairn India, Reliance Petro and ONGC ended with decent gains.

Weak start to week, mkts slump nearly 4 pct

The week started on a negative note today, as the Sensex dropped more than 350 points to close 3.8 pct down.

Investor sentiments have been hit yet again by weak U.S. data for the fourth quarter and a survey that showed Indian manufacturing activity fell for a third straight month in January.