SENSEX-SNAPS-5-DAY-LOSING-STREAK-LT-GAINS:Sensex snaps 5-day losing streak; L&T gains
MUMBAI (Reuters) - The BSE Sensex snapped five days of falls to gain on Tuesday as Larsen & Toubro surged after its results, while an improvement in global risk sentiment and the RBI's intervention in currency markets helped provide some stability.
The Sensex rose 0.69 percent to 16,328.25 points, while the 50-share Nifty added 0.71 percent to 4,942.80 points.
(Reporting by Manoj Dharra; Editing by Rafael Nam)
The BSE Sensex and NSE Nifty gained strength again, rising over 0.8% due to consistent buying interest in L&T and Infosys. ICICI Bank and SBI too played supportive role. Even the Indian rupee appreciated by 25 paise to 53.71 a dollar as against previous close of 53.97 a dollar.
The BSE Sensex and NSE Nifty erased some gains as European markets shed all initial gains. Index heavyweight Reliance Industries turned negative, falling 0.2% while the buying in banks and metals stocks continued to support.
BSE-SENSEX-LT-INFOSYS-UP:BSE Sensex gains; L&T, Infosys up
The BSE Sensex stayed higher with more than 100 points gains in afternoon trade due to consistent buying in L&T and Infosys. ICICI Bank, State Bank of India and Reliance Industries too were helping the market. European markets opened 0.5% higher on the back of short covering.
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.
ADS BY GOOGLE
video of the day
Mid-sized cos seeing order pickup; volatile Nifty: Ambit