Wednesday, January 14, 2009
Sensex climbs 204 pts in early trade
"Snapping a four-session long losing streak after Satyam fiasco, the Bombay Stock Exchange benchmark Sensex today (January 14) recovered by over 204 points in early trade on revival of buying by foreign funds, taking cues from firming trends in the other Asian equity markets.
The Sensex moved up by 204.01 points at 9,275.37 in early trade with all the sectoral indices trading in positive zone with gains up to 3.37 per cent.
Similarly, the broader National Stock Exchange Nifty, rose by 47.40 points at 2,792.35.
The 30-share barometer tumbled nearly 1,264.57 points in the last four straight trading sessions.
Stock brokers said sentiments were largely buoyed by gains in other Asian stock markets and a better-than-expected beginning of earnings season after IT bellwether Infosys Technologies came out with impressive third quarter results yesterday.
They said covering-up of short positions by speculators and recovery in Indian rupee against the US greenback also supported the stock prices.
(Agencies)"
The Sensex moved up by 204.01 points at 9,275.37 in early trade with all the sectoral indices trading in positive zone with gains up to 3.37 per cent.
Similarly, the broader National Stock Exchange Nifty, rose by 47.40 points at 2,792.35.
The 30-share barometer tumbled nearly 1,264.57 points in the last four straight trading sessions.
Stock brokers said sentiments were largely buoyed by gains in other Asian stock markets and a better-than-expected beginning of earnings season after IT bellwether Infosys Technologies came out with impressive third quarter results yesterday.
They said covering-up of short positions by speculators and recovery in Indian rupee against the US greenback also supported the stock prices.
(Agencies)"
