Sensex ends up 159 points
The Sensex ended (provisionally) at 16,071, up 159 points and the Nifty gained 58 points at 4,769.
_______________________________________________________
(Updated at 1501 hrs)
______________________________________
(Updated at 1418 hrs)
The V-shaped recovery was short-lived, as the benchmark indices have once again extended losses.
The Sensex is now down 150 points at 15,763. The Nifty is down 37 points at 4,674.
______________________________________
(Updated at 1401 hrs)
Frenzied buying in the markets in the last 15-odd minutes saw the benchmark indices stage a smart recovery.
The Sensex recovered over 300 points from the day's low of 15,565, and is now down just 24 points at 15,889.
The NSE Nifty is down 12 points at 4,698. The recovery was so sharp that at one point of a time the index had rebounded into green.
Bharti Airtel has gained over 3% each at Rs 316 and Reliance Communications and Hindalco are up over 2% each at Rs 173 and Rs 121, respectively.
Larsen & Toubro has slumped over 3% each to Rs 1,498. ITC, DLF, ACC and Infosys have declined 2.8% each to Rs 613, 354, Rs 710 and Rs 2,176, respectively.
SBI, HDFC, RIL, HUL and TCS have slipped over 2% each.
The market breadth is positive, out of 2,620 shares traded, 1,339 have advanced and 1,182 have declined on the BSE.
VALUE & VOLUME TOPPERS
Infosys has topped the value chart on the BSE with a turnover of Rs 475,63 crore. It is followed by HDFC (Rs 167.37 crore), SBI (Rs 127.57 crore), DLF (112.65 crore) and Reliance (Rs 109.40 crore).
Suzlon has led the volumes chart with trades of 13.22 million shares. It is followed by IFCI (11.64 million), Cals Refineries (9.44 million), Unitech (Rs 8.24 million) and Ispat Industries (4.07 million ) shares on the BSE.