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Home / Business News / Sensex overcomes early losses, ends with moderate gain

Sensex overcomes early losses, ends with moderate gain

The benchmark Sensex overcame early losses on the Bombay Stock Exchange on Monday and closed with a moderate six point gain on revival of buying by funds.

business Updated: Sep 10, 2007, 16:49 IST
PTI

The benchmark Sensex overcame early losses on the Bombay Stock Exchange on Monday and closed with a moderate six point gain on revival of buying by funds in fundamentally strong stocks available at low levels.

The BSE 30-share index, which commenced the day with a hefty fall of 226 points, rebounded at the fag-end on buying by stockists and closed higher by 6.41 points at 15,596.83.

The key index touched the day's high of 15,,626.28 and a low of 15,363.53 points.

However, the second wide-based National Stock Exchange index's Nifty closed with a loss of 1.65 points at 4,507.85 as some heavy-weight stocks ended with losses. It touched the day's high of 4,515.25 and a low of 4,452.95 points.

The market remained in bearish mood mostly on fall in information technology stocks led by Infosys on reports of heavy losses on Wall Street after a surprise drop in US payrolls sparked fears that the world's largest economy may be heading for a recession.

With the effect, the IT segment index remained the major loser by falling 88.81 points at 4,570.89, followed by Tech index by 36.94 points at 3,605.36.

ht epaper

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