Sensex up over 250 points

After three days (Friday, Monday and Tuesday) of bloodshed, the Indian equity benchmarks today continued their upward trajectory. In the last hour of trade the indices were moving towards the day's high as European markets started regaining their losses. Even Dow Jones futures trimmed its losses to 28 points from 135 points. But all markets remained extremely volatile with positive bias.

The 30-share BSE Sensex was trading at 17,120, up 261 points and the 50-share NSE Nifty gained 83 points at 5,155. Market breadth remained positive with about six shares advancing for every one share declining.