BSE Sensex rises 0.2% to 78,080 after volatile session

India's BSE Sensex closed about 0.2% higher at 78,080 on Thursday after a choppy session, snapping a two-day losing streak. The move was supported by falling oil prices, a positive earnings season and easing expectations of near-term Fed (U.S. central bank) rate hikes, although uncertainty in the Middle East kept gains in check. Buying in selected heavyweight stocks and broader market segments helped counter weakness in financial, metal and energy shares. IndiGo led gainers with a 2.9% rise, followed by NTPC, BEL and L&T, each up 2%. Tata Group shares also stabilized somewhat after Wednesday's heavy selloff following N. Chandrasekaran's surprise decision to resign. On the downside, ICICI Bank fell 1.3% to become the biggest laggard, Titan lost 1.1%, Reliance Industries slipped 0.8%, and UltraTech Cement declined 0.7% after a block transaction involving 2.51 million shares, equal to 0.86% of the cement company's total equity.

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