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Sensex recovers, zooms over 345 points

Sensex recovers, zooms over 345 points
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First Published: Thu, Feb 15 2007. 06 15 PM IST
Updated: Thu, Feb 15 2007. 06 15 PM IST
 
Mumbai: The Bombay Stock Exchange benchmark Sensex on 15 February registered a smart recovery of 345 points after losing 642 points over the past four sessions, as buying interest intensified at counters like capital goods and metals.
The benchmark index bounced back by 345.65 points to 14,355.55 as funds and general investors returned with a big bang, purchasing heavy-weight stocks like Infosys, Reliance Industries, SBI, BHEL, Tata Steel, SAIL and Tata Motors.
Similarly, the wide-based National Stock Exchange index Nifty rose by 99.10 points at 4146.20.
Infosys Technologies, the country’s second largest software exporter and a heavyweight stock on the Sensex, spurted by Rs 90.40 at Rs 2,374.35 on brisk buying by foreign funds. Reliance Industries rose by Rs 29.75 at Rs 1,406.90.
Both the stocks carry about one-fifth weightage on the Sensex and any change in their prices totally change the scenario on the bourses, traders said.
Trading sentiment was also boosted as Asian stocks climbed to a record high after Japan’s economy grew at the fastest pace in three years.
The Morgan Stanley Capital International Asia-Pacific Index added 1.1% to 146.42 points at mid-session, an all-time high.
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First Published: Thu, Feb 15 2007. 06 15 PM IST
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