Local markets managed to post decent gains in choppy trade boosted by steady buying demand for index pivotals and short covering at lower level after the recent fall. Firm global markets also lifted the sentiment. The total turnover on BSE crossed Rs 7000 core. It had opened lower tracking weak US markets. European markets extended early gains. Asian markets also reversed early losses to post gains.
17 shares from the 30-member Sensex pack advanced. The market breadth was strong after initial weakness. Shares from real estate, capital goods, sugar and oil & gas rallied on fresh buying.
The 30-share BSE Sensex gained 199.43 points or 1.25% at 16,123.15. It opened slightly lower at 15,778.27 and slipped further to touch a low of 15,739.05 in early trade. At the day’s low, the Sensex lost 184.67 points. It gained 244.41 points at day’s high of 16,168.13 hit in early afternoon trade.
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