Mumbai: The Bombay Stock Exchange benchmark Sensex on Tuesday spurted and regained the 10,000-point level in the fag end of trading but closed the session a little lower below this psychologically important level.
After regaining the 10,000-level after 22 sessions, the barometer yielded some grounds to close at 9,976.98, still a gain of 144.59 points from its previous close.
The day's trading was marked by another round of alternate bouts of buying and selling. However, towards the end of the session there was a sudden buying sending the bellwether index to the day's high of 10,009 points, higher by nearly 177 points from its last close.
Marketmen said sentiment improved towards the end of the session on anticipation of the US Fed cutting interest rate in its policy meeting tonight.
The wide-based National Stock Exchange index Nifty moved also gained over 60 points to end at 3041.75.
IT stocks bounced back into positive terrain after a string of losses in the past few sessions. HCL Technologies surged by 17.99 per cent to Rs 122.95, Infosys Technologies by 1.98 per cent at Rs 1122.90, Tata Consultancy Services by 2.37 per cent at Rs 480.75, Wipro by 1.96 per cent at Rs 239.40 and Satyam Computers by 0.49 per cent at Rs 226.50.
Brokers said as the market was in better form investors covering their short positions in heavy weighted Reliance Industries and ONGC Ltd further boosted the trend.
Comments
0 comment