The BSE Sensex today recovered by 107
points to close at 31,809.55 in a choppy trade on bargain
buying by jittery investors in banking, oil & gas and auto
Buying activity picked up momentum in the later part of
the session largely in tandem with strong opening of European
The overall recovery received some support from consumer
durables, realty, oil & gas, metal and banking stocks which
recouped their losses to an extent.
The NSE Nifty also moved up by 39.35 points, or 0.40 per
cent, to end at 9,952.20, after moving between 9,963.10 and
Meanwhile, the services sector activity in India suffered
the second consecutive month of contraction in August
as business activity and new work orders got affected by the
Goods and Services Tax (GST), a monthly survey has found.
The Nikkei India PMI said in its survey, activity Index
improved slightly from 45.9 registered in July to 47.5 in
The Sensex opened higher and hit the day's high of
31,863.47 as banking, auto and IT stocks advanced. But
profit-booking triggered by weak Asian markets dragged the
barometer to a low of 31,674.23 in afternoon session.
It finally closed higher by 107.30 points, or 0.34 per
cent, at 31,809.55 on strong European cues.
The Sensex had lost 189.98 points in the previous session
in line with a general weakness cross the globe fuelled by
North Korea's nuclear test on Sunday.