The Hindu : Business : Sensex recovers 95 points

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Friday, Mar 30, 2007
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Sensex recovers 95 points

MUMBAI: The Sensex ended 95 points higher on Thursday, the last day of derivatives series, on revival of the buying by funds and short covering by speculators. Brokers said over 65 per cent of positions were rolled over to April series of the Futures and Options, indicating a short-term rally in the near future.

IT shares, which suffered a sharp setback on Wednesday, staged a partial recovery following erosion in the rupee value against the dollar.

In scrip-specific activity, the market moved erratically during the major part of the day but a large rollover in the concluding 30 minutes helped the index end at 12979.66, a net rise of 95.32 points or 0.74 per cent over Wednesday's close of 12884.34. Earlier, the index regained the 13000-mark in intra-day trading.

The S&P CNX Nifty also recovered by 37 points, or 0.94 per cent, to 3798.10 from 3761.10. A positive turnaround in Asia also had a sentimental impact on the market. Hang Seng spurted by 268 points and Japan's Nikkei by 9.21 points.

The market breadth reflected good health of the market as 1,585 scrips advanced while 926 declined.

— PTI

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