Sensex pivotals recover

MUMBAI, SEPT 2: Pivotals recovered slightly on the Bombay Stock Exchange (BSE) on Wednesday as operators were cautious on purchases due t...

MUMBAI, SEPT 2: Pivotals recovered slightly on the Bombay Stock Exchange (BSE) on Wednesday as operators were cautious on purchases due to sharp rebounds in global markets. The start of new account at the National Stock Exchange (NSE) was also prompting players to build new positions. The absence of selling pressure from foreign funds was also a good sign. The closing rates showed small widespread gains. The volume of business remained thin while the closing undertone appeared steady.

The BSE sensitive index moved between 2900.46 and 2867.22 before finishing at 2886.91 points with a net gain of 24.36 points as compared to the previous level of 2862.55. The BSE-100 index also recovered by 9.65 points to 1290.76 from the previous level of 1281.11.

Brokers say the sentiment turned for better mainly due to buying by the domestic financial institutions and local short covering. Trading was in a narrow range as select pivotals recovered moderately. Reports that Japan would soften stand on sanctions to India andhinting at normalising bilateral relations with Delhi was a plus factor for the current uptrend.

On the NSE, pivotals recovered on emergence of fresh buying aided by improvement in the New York and Asian stock exchanges and closed higher on the first day of the current settlement. The financial institutions (FIs) and domestic funds bought shares worth Rs 1000.02 lakh and sold only worth Rs 641.49 lakh. The S&P CNX Nifty rose by 7.95 to close at 842.50 from the last close of 834.55.The total traded volume stood at Rs 905.14 crore. Today, 554 shares rose while 344 fell and 91 held steady. Over 53 securities hit their price bands.

Police personnel seen to control the situation during a massive protest over the statehood demand and the inclusion of Ladakh under the Sixth Schedule, in Leh on Wednesday. (ANI Video Grab)

Statehood protest takes violent turn in Ladakh, BJP office set ablaze in Leh

India14 min ago

Protests in Ladakh turned violent as students and youth organisations demanded statehood and Sixth Schedule status. Two elderly protesters fainted, prompting a shutdown call. A BJP office and security vehicle were set on fire. Activist Sonam Wangchuk urged for a peaceful approach. The demand for Sixth Schedule status is due to Ladakh's tribal-majority population and direct central administration.

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