Sensex bounces back after Chidambaram’s assurance

Sensex bounces back after Chidambaram’s assurance

Sensex bounces back after Chidambaram’s assurance

The BSE 30-share index, Sensex, which lost 704.76 points to dip below the 13,000 mark in opening trade, bounced back to close at 13,315.60 points, up by 52.70 points, or 0.40 per cent.

The wide-based National Stock Exchange index Nifty closed 29.90 points, or 0.75 per cent higher at 4,038.15.

Market analysts said that trading sentiments turned better towards the middle of the session following Finance Minister P Chidambaram’s statement that Indian public sector banks would not be affected by the global financial storm, as they are not exposed to the US financial crisis.

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