The Hindu : Business : Sensex rebounds from day's low

Online edition of India's National Newspaper
Wednesday, Feb 09, 2005

Business

Business

Sensex rebounds from day's low

MUMBAI, FEB. 8. The Bombay sensitive index on Tuesday ended with a modest gain of 9.60 points to close at 6544.77 on the Bombay Stock Exchange after a late round of heavy short-covering from operators pulled it up from the early lows of 6508.33.

Operators covered short positions when the market dropped sharply, dealers said and added that foreign institutional investors, which have been less active in the last couple of days, made fresh buying in select blue chip counters.

The BSE benchmark 30-share index resumed the day on a weaker note at 6528.81 against the previous close of 6535.17 and dipped to the intra-day low of 6508.33 due to increased selling.

Later, it made a strong turnaround and rose to the day's high of 6573.93, before ending the day at 6544.77, showing a net gain of 9.60 points.

Among major gainers, HDFC rose by Rs. 24.10 to Rs. 816.50, Hindalco by Rs. 17.70 to Rs. 1383.35, Infosys Tech by Rs. 11.80 to Rs. 2041.10, HDFC Bank by Rs. 9.30 to Rs. 570.25, Bajaj Auto by Rs. 9.75 to Rs. 1074.10, RIL by Rs. 3.20 to Rs. 533.35, REL by Rs. 5.15 to Rs. 575.30, Dr Reddys' by Rs. 7.20 to Rs. 733.90 and Maruti by Rs. 8.05 to Rs. 467.05.

However, ITC fell by Rs. 10.30 to Rs. 1321.05, Ranbaxy by Rs. 11.20 to Rs. 1050.40, Tata Steel by Rs. 3.40 to Rs. 395.90, HLL by Rs. 2 to Rs. 160.05, Larsen by Rs. 6.25 to Rs. 968.10 and ONGC by Rs. 2.50 to Rs. 819.70.

The broadbased BSE-100 index rose by 7.12 points to end at 3536.73. The volume of business remained high at Rs. 2,299.97 crores against Rs. 2,219.63 crores — PTI

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