By IANS,
Mumbai : Indian equities opened lower Monday after weak trading sessions during the previous week following poor factory output and worries over high crude prices, and as a fallout of the natural disaster in Japan, but recouped the losses soon after.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 18,167.10 points and fell further to 18,155.43 points within minutes, against the previous close at 18,174.09 points.
But an hour-and-a-half into trading, the key index was ruling at 18,276.31 points, with a gain of 102.22 points, or 0.56 percent, data available with the exchange showed. The gains were also broad-based across small-caps and mid-cap stocks.
At the National Stock Exchange (NSE), the broader, 50-share S&P CNX Nifty was ruling at 5,483.30 points, with a gain of 37.85 points, or 0.70 percent.
There was worry globally over another explosion at a nuclear reactor in northeast Japan Monday following the earthquake last week, injuring six people. The city of Fukushima, 240 km north of Tokyo, is home to 10 reactors at two power plants.
Two explosions have occurred at two of the 10 reactors in the city since Friday’s magnitude-9 earthquake and the resultant tsunami. One happened Saturday and the second Monday after a magnitude-6.2 aftershock.