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Sensex wipes out early losses
MUMBAI:
In volatile trading, the Bombay Stock Exchange sensitive index (Sensex) on Wednesday made a remarkable comeback from the initial hesitancy and rallied to close at 12109.14, gaining a steep 138.67 points over Tuesday on heavy buying by foreign funds even though most of the Asian markets remained depressed.
The BSE 30-share Sensex opened weak at 11946.32 against 11970.47 and after swinging in a wide range between a high of 12128.99 and a low of 11833.61, closed at 12109.14, showing a remarkable rally of 138.67 points.
On the National Stock Exchange, the S&P CNX Nifty gained 45.45 points at 3502.80.
The depressed trend seen during the morning trade was due to weak Asian advices along with a fall in crude oil prices. Later, on revival of heavy buying, mainly by foreign institutional investors, prices turned sharply firm.
The trading volume was relatively low at Rs. 3,418.37 crore against Rs. 3,706.58 crore on Tuesday. — PTI
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