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Sensex snaps 4-day losing streak, ends 200 points up

Sensex snaps 4-day losing streak, ends 200 points up
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First Published: Tue, Mar 11 2008. 05 18 PM IST
Updated: Tue, Mar 11 2008. 05 18 PM IST
Closing
Mumbai: Snapping a four-day long falling streak, the Bombay Stock Exchange benchmark Sensex posted gains of nearly 200 points with heavyweight stocks attracting buying support at their low levels.
The 30-share Sensex bounced back by 199.43 points at 16,123.15 from its previous close.
The key index touched the day’s high of 16,168.13 and a low of 15,739.04 points.
The wide-based National Stock Exchange index Nifty shot up by 65.50 points at 4,865.90, after touching 4,888.50 and a low of 4,732.85 points.
The major push to the market came in from capital goods stocks led by Larsen and Toubro, as its index jumped up by 719.56 points at 14,060.65, followed by realty index by 521.13 points at 8226.89. PTI
Late morning
New Delhi: The Sensex bounced back to trade 56.90 points up at 15,980.62 — below the psychological 16,000-mark — at around 10:45am on 11 March, after a weak start that saw the Bombay Stock Exchange benchmark lose 185 points in early trade.
In the early morning session, it was heavy selling by funds in heavyweight stocks such as Larsen and Toubro that saw the decline.
The wider National Stock Exchange index, Nifty, pared an initial 67.55 points to bounce back at 4,812.50, up 12.10 points. Livemint.com
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First Published: Tue, Mar 11 2008. 05 18 PM IST