Sensex recovers by 581.34 points

Mumbai, Mar 8 : Snapping a losing streak of last four sessions, the BSE Sensex on Tuesday advanced 581.34 points to close at 53,424.09 following gains in realty, technology, IT and health care stocks despite weak Asian Market. The Nifty of National Stock Exchange (NSE) too rose 150.30 points at 16,013.45. Slumping 3403 points in last four sessions, the BSE Sensex opened weak at 52,430.06, down 412 points. It was dropped further by 582 points to 52,260.82 days low. Later, it erased earlier losses, and jumped nearly 642 points at 53,484.26, days high, before closing at 53,424.09, surging 581.34 points from its previous close. The Sensex registered days high and low at 53,484.26 and 52,260.82 respectively. The Nifty recorded days high and low at 16,028.75 and 15,671.45 respectively. The sectoral indices like Realty, Technology, IT, Health Care and Capital Goods pushed the market up. In scrips, Sun Pharma rose 3.99 per cent to Rs 855.55 a major gainer, followed by TCS by 3.29 per cent to Rs 3599.95, NT by 2.77 per cent to Rs 133.60, Wipro by 2.73 per cent to Rs 587.10 and Tech Mahindra by 2.69 per cent to Rs 1462.60. The losers were Tata Steel by 1.73 per cent to Rs 1269.35, Powergrid by 0.49 per cent to Rs 212.05, Titan by 0.32 per cent to Rs 2382 and Nestle India by 0.25 per cent to Rs 17,299.70. The Mid Cap rose by 1.46 per cent and Small Cap by 1.33 per cent. In 30 scrips, 24 advanced while six declined. Asian market remained weak as Japan’s Nikkei eased 1.7 per cent, South Korea’s Kospi by 1 per cent, and Hong Kong’s hang Seng 1.4 per cent. However, European markets were seen improved as Euro STOXX 600 index was up by 0.8 per cent, Germany’s DAX by 1.2 per cent and France’s CAC40 by two per cent. NV JNA

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