26 September 2011

Great recovery attempt


A handsome recovery from lowest point of the day could not save the market from registering its third consecutive session of loss on Monday. While short covering and a rebound in global markets drove the recovery in the last couple of hours of trade, a steep cut in oil & gas, capital goods, metals, FMCG, power and auto stocks forced a negative closure. A drastic fall in international commodity price too weighed on the market today.
The 30-share BSE Sensex fell 110.96 points or 0.69%, to close at 16051.10 after seeing recovery of 250 points from day's low of 15,801.01. The 50-share NSE Nifty hit an intra-day low of 4,758.85, before closing at 4,835.40, down 32.35 points or 0.66%

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