Mumbai: The benchmark Sensex gained over 77 points on the Bombay Stock Exchange on 28 August on funds buying amid market players unwinding their long pending positions.
The Sensex, which ended 417 points higher the previous day, added another 76.81 points, or 0.52%at 14,919.19 as speculators indulged in clearing their pending positions ahead of the ending August futures positions.
At one stage, the Sensex had notched up over 100 points on fresh purchases by general investors.
Similarly, the 50-share Nifty of the National Stock Exchange rose by 18.10 points, or 0.42% to 4320.70. It moved between 4329.15 and 4280.60 points during the day.
The squaring up business was significantly higher ahead of the expiry of current future and option contracts.
The maximum support to the index was extended by oil and gas, metals, IT and realty shares.
A day marked by volatility saw the markets shuttling back and forth between losses and gains, with the benchmark Sensex oscillating more than 180 points a little more than an hour before closing.
The index was trading 91.19 points up at 14,933.57 at 1435 hours, after starting the day on a weak note, losing 90 points in the early session. It had recovered before noon only to lose its advantage again in the post noon session, and then stage another comeback.
The Nifty, which saw similar movements, was trading 19.10 points up at 4,321.70.
The stock markets made an impressive recovery, with the benchmark Sensex clawing its way back from a 90-point loss in the morning session to quote 52.93 points up at 14,895.31 in the pre-noon session. The Nifty shed an initial loss of 21 points to quote 15.20 points up at 4,317.80
Mumbai: The Bombay Stock Exchange benchmark Sensex opened on weak note on 28 August and shed over 90 points on emergence of selling by funds triggered by weak global trend.
The BSE 30-share index, which gained 417 points in previous trading, fell by 90.70 points at 14,751.68 in first five minute of trading following a fall in the US bourses yesterday night and weak opening of the Asian markets.
Similarly, the wide-base National Stock Exchange’s Nifty lost 21.30 points at 4281.30.