Advertisement

HindustanTimes Fri,19 Dec 2014

Sensex steadies after slump

PTI  Mumbai, March 01, 2013
First Published: 10:03 IST(1/3/2013) | Last Updated: 21:05 IST(1/3/2013)

Shrugging off Budget blues, the BSE benchmark Sensex on Friday bounced back from three-month lows to end nearly 57 points higher at 18,918.52 on value-buying after the finance ministry promised to address concerns over Tax Residency Certificates (TRC).

Advertisement

The Sensex, which had tumbled 291 points on Thursday to 1,8861.54 on hike in taxes and FII concerns, opened firm and rose to an intra-day high of 18,988.97. It closed at 18,918.52.

The National Stock Exchange Nifty rose by 26.65 points, or 0.47% to 5,719.70.

"The markets were able to recover and gains ground once the clarity on TRC was received," said Milan Bavishi of Inventure Growth & Securities.


Advertisement
more from Business

Sensex, rupee rally as Fed talks up markets

Indian stock and currency markets staged a pull-back rally on Thursday as global markets surged after the US Federal Reserve said a rate hike was unlikely in the short-term, and the NDA Cabinet cleared the Constitutional Amendment Bill on GST.
markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved