Sensex up over 160 pts at mid-day
The BSE benchmark index recovers early losses to register gains of over 160 points at mid-session on Wednesday.india Updated: Aug 09, 2006 17:48 IST
The Bombay Stock Exchange benchmark, Sensex, recovered from early losses to be quoted over 160 points higher at mid-session on Wednesday on revival of buying by funds in index-related stocks.
The 30-share sensitive index, which had lost 71.14 points at the outset, bounced back to add 163 points at 11,177.97 at 1230 hrs as shares of Bharti Airtel, Dr Reddy's Lab, Infosys and Reliance Industries notched up heavy gains.
In similar fashion, the National Stock Exchange index Nifty rose by 48.70 points at 3,261.50, after touching day's low of 3187.85.
The market experienced some weakness at early stage on reports of the US Federal Reserve not hiking interest rate and Sensex-heavy Bharat Heavy Electrical board not taking any decision on issuing bonus shares and splitting its stock.
Hero Honda Motors climbed Rs 11.80, or 1.8 per cent, to Rs 680.05 as the biggest motorcycle maker is building a factory to expand capacity and sell new models.
As the market resumed previous day's rally, barring BHEL, all indices-related shares quoted in positive zone.