Sensex in positive terrain after resuming lower
After resuming lower, Sensex comes back in positive terrain and is quoted up by 51 points within half an hour of resumption of dealings.Updated: May 08, 2007 11:12 IST
After resuming lower, the benchmark Sensex came back in positive terrain and was quoted up by 51 points within half an hour of resumption of dealings.
The Bombay Stock Exchange (BSE) 30-share sensitive index, Sensex, opened steady at 13,886.00 and moved down to a low of 13,816.19 before being quoted at 13,930.36 at 10.25 am, a sharp recovery of 51.11 points over Monday's close of 13,879.25.
The broader S&P CNX Nifty of the National Stock Exchange (NSE) also went up by 18.70 points at 4,129.85 from previous close of 4,111.15.
Metal shares were in keen demand following firm trend on the London Metal Exchange (LME) on Monday night.
However, some of the IT counters continued their downward march on sustained selling due to expectation of lower export revenues and growth following the rising rupee.
Most of the Asian markets showed sluggish trend early on Tuesday morning.