Sensex rises by 39 pts in early trade
Sensex gains 39 points in early trade overcoming the initial loss, on emergence of buying at lower levels.business Updated: Dec 28, 2007 11:04 IST
The Bombay Stock Exchange benchmark Sensex gained 39 points in early trade on Friday, overcoming the initial loss, on emergence of buying at lower levels.
After a weak start by losing over 184 points following reports of assassination of former Pakistan Prime Minister Benazir Bhutto, the benchmark barometer moved up by 39.41 points to 20,256.13 points in the first five minutes of trade.
Similarly, the wide-based National stock Exchange index, Nifty, gained 17.10 points to touch 6,098.60 points .
Marketmen said initially the market suffered losses on panic selling by funds following assassination of Benazir Bhutto, which dampened the sentiment of all global financial markets.
They said Asian markets were down after Wall Street fell on concerns over the US economy following weaker-than-expected durable goods orders data and a fresh rise in oil prices, they added coupled with the news of the assassination.