Sensex recovers 123 pts, breaks 7-day falling streak
The BSE Sensex today recovered by
almost 123 points as buying by domestic investors in banking,
pharma, metal and realty stocks after recent falls helped the
index break its seven-session falling streak.
After a better opening at 31,216.36, the Sensex quickly
slipped into the negative zone and hit a low of 31,081.83 in
morning session as foreign funds continued to withdraw
Emergence of value-buying in afternoon trade wiped off
early losses and the Sensex settled higher by 122.67 points,
or 0.39 per cent, at 31,282.48. During the day, it also
touched a high of 31,340.91.
The 50-share NSE Nifty ended up 33.20 points, or 0.34 per
cent, at 9,768.95 points. Intra-day, it shuttled between
9,687.55 and 9,789.20.
Since it was the last session for September derivatives
contracts, speculators went about covering their short
positions towards the close which accelerated the pace of
In the September expiry, Sensex plunged by 448.01 points,
or 1.41 per cent and Nifty tumbled 202.95 points, or 2.03 per
A mixed trend in Asia and a higher opening in Europe
after the US stocks recovered following sweeping tax reforms
plan unveiled by President Donald Trump influenced sentiment
The rupee appreciated 22 paise intra-day against the
dollar, to 65.50, which had a positive influence too, brokers
The 30-scrip gauge had lost 1,263.95 points in the
previous seven sessions largely dragged down by sustained
foreign fund outflows and falling rupee concerns.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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