Markets closed higher amid another week of volatility, mirroring global market trends, amid China’s reopening and hawkish comments on a possible rate hike from the Federal Reserve. Mixed earnings from Indian companies also added to the volatility.

The BSE Sensex gained 360.59 points or 0.59% to end at 60,621.77 for the week, while the Nifty50 gained 71.1 points or 0.39% to end at 18,027.7.

For the month, the Sensex and Nifty fell 0.36% and 0.43%, respectively.

Among sectors, the BSE capital goods and power indices were up 2% each, while the oil and gas and information technology indexes were up nearly 2% each. On the other hand, BSE Telecom and Auto Index fell 1-2%.

For the week, the BSE midcap and smallcap indexes fell 0.66% and 0.8%, respectively, while the large-cap index rose 0.29%.

Heavy selling by foreign institutional investors (FII) also continued this week, selling shares worth Rs 2,461.03 crore, while domestic institutional investors (DII) bought shares worth Rs 3,383.72 crore.

So far this month, foreign institutions have sold shares worth Rs 19,880.11 crore, and DII bought shares worth Rs 16,182.38 crore.

The BSE smallcap index fell 0.8%. Music Broadcast, PC Jeweller, Vinyl Chemicals (India), Kiri Industries, Rallis India, Vishnu Chemicals, Cantabil Retail India, Sanghi Industries, Meghmani Finechem, Insecticides India and Aarti Surfactants fell 10-26%.

However, shares of SEPC, Good Luck India, KBC Global, Atul Auto, Jayant Agro-Organics, Xelpmoc Design and Tech, Lloyds Steels Industries, Allied Digital Services, Hariom Pipe Industries, TruCap Finance, Mishtann Foods and Specialty Restaurants rose 15- 26%.