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Sensex up 157 points on buying at lower levels

Sensex up 157 points on buying at lower levels
PTI
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First Published: Fri, Aug 22 2008. 04 34 PM IST
Updated: Fri, Aug 22 2008. 04 34 PM IST
Mumbai: The Bombay Stock Exchange benchmark Sensex provisionally ended more than 1% on Friday as investors scooped up beaten-down stocks after a sharp fall in the previous session.
The 30-share index provisionally ended 157.76 points higher at 14,401.
Today’s gain was led by Reliance Industries Ltd, which moved up on hopes for an end to a gas dispute.
Similarly, the 50-share Nifty of the National Stock Exchange provisionally rose 0.84% to 4,319.65.
Earlier, the Sensex lost over 100 points in the morning trade, but moved in the green later in the day on emergence of buying by funds and general investors in stocks available at attractive lower levels.
Buying activity picked up as shares dipped to recent low levels after release of inflation data last evening, which showed prices rose the fastest in 16 years during the week ended 9 August, brokers said.
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First Published: Fri, Aug 22 2008. 04 34 PM IST
More Topics: Sensex | Stocks | Markets | Nifty | Inflation |