Morning after getting a battering, Sensex up 226 points


Mumbai: A benchmark index of the Indian equity markets was in recovery mode Thursday morning after the battering it took the previous day. The index was up 226 points about 90 minutes after the opening bell.

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The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,317.16 points, was at 16,516.03 points, up 226.21 points or 1.38 percent from its previous close at 16,289.82 points.

The Sensex had fallen over 490 points or 2.9 percent Wednesday.

At 10.41 a.m., at the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was at 4,925.85 points, against the previous close at 4,853.1 points, a gain of 1.5 percent.

Broader markets were also in the green, with the BSE midcap index up 1.66 percent and the BSE small cap index trading 1.77 percent higher.

Among the major gainers were Wipro, up 3.51 percent at Rs.677.50; Tata Steel, up 3.24 percent at Rs.576.80; DLF, up 3.06 percent at Rs.326.75; and Sterlite Industries, up 2.86 percent at Rs.792.10.

Top losers were L&T, down 1.03 percent at Rs.1,444.95; ITC, down 0.27 percent at Rs.255.15, and HDFC Bank, down 0.02 percent at Rs.1,596.50.

Other major Asian markets too were gaining, with the benchmark Japanese index, Nikkei, trading 1.78 percent higher at 10,434.4 points, and the Korean Kospi 1.4 percent up at 1,648.29 points.

The Chinese Shanghai composite index too was in the positive terrain, at 3,002.96 points, 0.55 percent up, and the Hang Seng of the Hong Kong Stock Exchange was 1.81 percent higher at 20,396.4 points.