Sensex recoups 238 points to end flat; Bharti, SBI lead

Indian equity benchmarks showed smart recovery in the last couple of hours of trade, helped by Bharti Airtel, ITC, ICICI Bank and SBI. Use of buying on dips strategy by traders as well as investors too supported the market to make smart comeback.

April 26, 2011 / 16:36 IST

Indian equity benchmarks showed smart recovery in the last couple of hours of trade, helped by Bharti Airtel, ITC, ICICI Bank and SBI. Use of buying on dips strategy by traders as well as investors too supported the market to make smart comeback.

The 50-share NSE Nifty touched an intraday low of 5,791.55, before closing at 5,868.40, down just 6.10 points; index recovered nearly 77 points from day's low as largecaps too witnessed buying at lower levels.

Anil Manghnani, Modern Shares & Stock Brokers, says it is still in that range of 5700-5950. "Every time it comes to 5900-5950 on the Nifty, it gets some sort of profit booking or selling pressure and it goes back below 5800, this time it didn

first published: Apr 26, 2011 04:00 pm

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