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Sensex gains 296 points

MUMBAI: The markets staged a smart recovery on Wednesday to snap the three-day losing streak with the benchmark Sensex gaining by 296 points as positive trends in Asian bourses prompted investors to buy into capital goods, realty banking stocks.

The 30-share Sensex ended the day at 15185.32, a rise of 296.07 points over the previous close. The index moved in a range of 15225.81 and 15009.48 points.

Most of the Asian indices ended in the green, impacting positively on the local bourses. European markets showed mixed pattern of trading with positive bias.

The rupee on Wednesday recovered by 10 paise at Rs. 42.86/87 against the dollar on the back of smart rally in equity markets. It moved in a range of 42.82 and 42.97 dollar on alternate bouts of buying and selling. — PTI

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