Sensex recovers 44 pts in early trade
The BSE benchmark Sensex, rose by 44 points on emergence of buying by funds as well as retail investors.india Updated: Jan 09, 2007 11:29 IST
After remaining in the negative zone for three straight sessions, the BSE benchmark Sensex, rose by more than 44 points on Tuesday on emergence of buying by funds as well as retail investors.
The BSE 30-share sensitive index, Sensex, which had lost nearly 362 points in the last three sessions, rebounded to quote 44.94 points higher at 13,696.09 in the first five minutes of trade.
Similarly, the wide-based National Stock Exchange index, Nifty, was up by 10.90 points at 3,944.30.
Major support came in from stocks like Reliance Ind, ITC Ltd, Hindustan Lever, Wipro, Infosys Technologies, Satyam Computers, Maruti Udyog, ACC, Grasim Industries and Gujarat Ambuja Cement.
Several stocks in the mid-cap section were also in the positive zone on retail investors buying.
Meanwhile, stocks of Cairn India Ltd today listed at Rs 140 on the BSE, below its offer price of Rs 160.