Sensex recovers 39 pts

MUMBAI, Aug 13: After the downtrend of the last few sessions, pivotals on the Bombay Stock Exchange (BSE) staged a small recovery on Wedn...

MUMBAI, Aug 13: After the downtrend of the last few sessions, pivotals on the Bombay Stock Exchange (BSE) staged a small recovery on Wednesday lifting the Bombay sensitive index by over 39 points. The sentiment was weak during the early trades but subsequently rallied on short-covering and buying by the domestic financial institutions.

The BSE Sensitive was opened weak at 2931.76 points, but recovered smartly to cross the 3000-mark touching the intra-day high of 3016.11. However, BSE Sensex reacted slightly thereafter to finish at 2990.22 with a modest gain of 39.42 points as compared to the previous level of 2950.80. The BSE-100 index improved by 15.47 points to 1334.78 from the previous close of 1319.31.

The sentiment turned better due to technical considerations of the market. The reports that AIADMK has refrained from withdrawing support to the Vajpayee government also helped the sentiments. The fall of rupee against the dollar, however, again led to selling by the foreign funds at the last momentpushing Sensex partly down at closing. Of the total volume of business of Rs 983.64 crore, ITC maintained its top position with the highest turnover of Rs 186.62 crore.

On the National Stock Exchange (NSE), pivotals recovered on fresh buying. The market started weak, but gained towards the end of the trading session and finished higher than the previous close. The S&P Cnx Nifty index started weak at 859.80 but rose smartly to close at 872.25, showing a fresh gain of 12.15 over the last close of 860.10. Shares worth Rs 1,319.49 crore were transacted.

Parthala flyover in Noida barely visible through a dense cover of smog

2 days after Diwali, Delhi continues to inhale ‘very poor’ air

Cities1 hr ago

Residents in Delhi once again woke up to thick smog on Wednesday morning, with an AQI of 345 on October 22 at 5.30 am, falling in the ‘very poor’ category according to the Central Pollution Control Board (CPCB). This is the second consecutive day of deteriorating air quality in Delhi, after the national capital celebrated Diwali.

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