Heavy short-covering owing to the derivatives expiry, saw
the market’s surge towards the end of the day. The Sensex
today opened in the red at 15,169 and slipped further to a
low of 15,065. The index, however, rebounded on positive
global cues. The index soared 345 points from the low to a
high of 15,410 near the end of the day. The Sensex finally
ended at 15,388 - up 214 points.
The BSE Mid-cap and Small-cap indices were underperformers and gained 29 points and 49 points, respectively. The BSE IT, FMCG and Bankex added around 2.5% each. The Nifty, meanwhile, ended with a gain of 58 points at 4,571. The index today surged to a high of 4,582 - up 107 points from the low of 4,475. The markets have ended in the positive zone for the first time in the week. The market breadth was fairly positive. Out of 2,758 stocks traded 1,503 advanced while 1,170 declined on the BSE.
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