Sensex ends 5-day bear phase
With metal, capital goods and realty sectors attracting buying support amid positive cues in Asian bourses, the Bombay Stock Exchange benchmark Sensex Today went up by over 134 points to end its 5-day long losing spree.
The 30-share Sensex, which lost nearly 960 points in the past five sessions, rebounded to post a gain 134.50 points at 14,678.23. The key index touched the day’s high of 14,746.20 and a low of 14,584.03 points.
The 50-share National Stock Exchange index Nifty also rose by 47.50 points at 4,415.75, after touching the day’s high of 4434.90 and a low of 4365.45 points.
IT stocks were in demand after US dollar strengthened to the highest level this year, raising expectations of strong profit earnings for software exporting companies.