Sensex snaps losing streak, falls 65 points
Snapping a three-day falling streak, the Bombay Stock Exchange benchmark Sensex today gained nearly 65 points as investors indulged in buying at lower levels in blue-chip stocks led by auto.business Updated: Aug 11, 2009 17:12 IST
Snapping a three-day falling streak, the Bombay Stock Exchange benchmark Sensex on Tuesday gained nearly 65 points as investors indulged in buying at lower levels in blue-chip stocks led by auto.
The Sensex, which had lost nearly 6 per cent in the last three days, rebounded to close higher by 64.82 points at 15,074.59, after oscillating between 15,218.65 and 14,864.23 during the day.
Similarly, the 50-share National Stock Exchange index rose by 33.70 points to 4,471.35. The Nifty shot up to touch the day's high of 4,510.80 and a low of 4,398.90.
The recovery was mostly due to a rise in stocks of auto, realty and metals. The auto sector index, which rose by 3.07 per cent to 2,537.48, was the biggest gainer on aggressive buying by funds on the basis of reports that the automobile industry posted healthy growth in July.
The industry data revealed domestic passenger car sales in July went up to 1,15,067 units from 87,901 units in the same month last year.