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HindustanTimes Fri,01 Aug 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).

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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.


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