May 15, 2012, 05.15 PM IST
BSE-SENSEX-LT-INFOSYS-UP:BSE Sensex gains; L&T, Infosys up
Infosys gains 2 percent, other software services exporters also gain as traders price in impact from a weakening rupee, which on Tuesday fell to as much as 54.15, not far from a record low of 54.30 hit in December, before RBI is suspected to have intervened.
The BSE Sensex and NSE Nifty went up over 0.5% amid volatility, led by buying interest in banks, capital goods, healthcare and metals stocks. Index heavyweight Reliance Industries too helped the recovery, rising 0.4%. However, auto stocks were under pressure.
The BSE benchmark Sensex recovered nearly 65 points in a mixed late morning trade after hitting 17-week lows in view of buying in capital goods, IT and banking counters despite selling in auto and realty counters.
SENSEX-NIFTY-LARSEN-TOUBRO-LT:Sensex, Nifty flat; global risk aversion weighs
The BSE Sensex and NSE Nifty continued to move around previous closing values, having priced in negatives like Greece concerns, sliding rupee, and inflation. The Indian rupee opened at 54.10 to a dollar, but immediately recouped losses to trade at 53.84 to a dollar.
The BSE Sensex and NSE Nifty opened 0.6% lower on Tuesday morning following downtrend across the globe due to political turmoil in Eurozone and depreciation in rupee to 54 a dollar.
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