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Indian stock markets stage comeback

By IANS

Mumbai : The key Indian market index closed in the green Wednesday based on strong buying in late trade.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was up 12.32 points or 0.06 percent to 19,091.96 points at close.

The Sensex hit a low of 18,886.40 in mid-afternoon trade. At the day’s low, it had lost 193.24 points. Earlier, it had hit a high of 19,397.76 in early trade, a gain of 318.12 points.

The broader CNX S&P Nifty index of the National Stock Exchange was up 19.65 points or 0.34 percent to 5,761.95, according to provisional data.

The BSE Mid-Cap index was up 0.07 percent to 9,099.87 points. It underperformed the Sensex. The BSE Small-Cap index was up 1.01 percent to 11,937.84 points. It outperformed the Sensex.

The market breadth was strong. On BSE, 1,846 shares advanced as compared with 1,020 that declined. Twenty-seven shares were unchanged. Seventeen of the 30 Sensex stocks declined.

BSE clocked a turnover of Rs.8.3 billion as compared with the previous day’s Rs.8 billion.

Consumer durable and metal stocks gained but auto stocks declined.

Reliance Industries declined even as Reliance Energy and ONGC were major gainers from the Sensex pack.

European markets were trading low, Asian indices were mixed and US stocks rose Tuesday.