Sensex back in positive zone in noon trade, up 13 points | business | Hindustan Times
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Sensex back in positive zone in noon trade, up 13 points

business Updated: Aug 27, 2009 13:01 IST

PTI
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Reversing an early weak trend, the Bombay Stock Exchange benchmark Sensex rebounded to trade 13 points higher in noon trade on Thursday largely on the back of covering-up of short positions by speculators.

The 30-share index, Sensex, which had lost nearly 85 points in opening trade, rose 13.91 points at 15,783.76 with stocks of consumer durables and teck sectors leading the recovery.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 11.20 points at 4,692.05 at the same time. It opened lower by over 35 points.

Brokers said covering-up of short positions by speculators as today being the last session of monthly expiry in the derivatives segment, helped Sensex to recover from early lows.