Sensex recovers, up 100 points

After remaining weak at the outset, it recovers as funds raise buying activity, specially in index-related stocks.

After remaining weak at the outset, the benchmark Sensex recovered by over 100 points at noon on Friday on the Bombay Stock Exchange as funds accelerated their buying activity, particularly in index-related stocks.

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The BSE 30-share sensitive index, Sensex, which lost 108 points at the outset, rebounded to quote 100.11 points higher at 13,971.82.

Similarly, the broader National Stock Exchange index, Nifty, was up by 22.65 points at 4,011.45 after dipping to 3,974.95.

The major support came in from stocks like Reliance Industries, Reliance Capital, Reliance Energy, BHEL, ICICI Bank, State Bank of India, HDFC Bank, HDFC Ltd, Infosys Technologies, Satyam Computers, Wipro, Tata Consultancy, ACC, Grasim Industries, ITC Ltd and Hindsutan Lever.