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After falling to their 4-month low levels, key benchmark stock indices recovered from lower levels on account of short-covering in key heavyweights around. U.S. manufacturing in January expanded at its slowest pace in eight months as new order growth slumped the most in 33 years, while spending on construction projects barely rose in December. This along with foreign funds turning net sellers of Indian stocks on Monday weighed on the sentiment. Markets however recovered on account of short-covering in heavyweights.
The 30-share Sensex closed almost 45 points higher at 20,254 after hitting a low of 19,963 and the 50-share Nifty was down 1 point at 6,001 after touching an intra-day low of 5,933.
