Sensex 26K - Level nuailam hinalai, tuzing akhan 105 pts a kal
Mumbai, Nov 22 (PTI): BSE Sensex pared its initial gains to dip below the psychological 26,000-level but was trading higher by about 105 points on buying in metal, energy, IT, teck, oil & gas and auto sectors amid higher Asian cues.
- While selling was seen in capital goods, utilities, power and realty segments.
- A relief rally, after six days of heavy losses, emerged this morning that helped the Sensex recapture 26,000-level briefly by gaining nearly 275 points, while the broader Nifty revisited the 8,000-mark.
- The 30-share pack resumed higher at 25,928.16 and hovered in a range of 26,039.70 and 25,816.53 before quoting 25,869.91 at 1100 hours, showing a gain of 104.71 points, or 0.41 per cent, from its last close.
- The NSE 50-share Nifty also rose 145 points, or 1.80 per cent, to 7,972.35 at 1100 hours.
- Major gainers were, L&T 2.47 per cent, GAIL 2.23 per cent, NTPC 2.16 per cent, PowerGrid 1.46 per cent, Dr Reddy 0.98 per cent and M&M 0.98 per cent.
- Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 1,310.82 crore yesterday, as per provisional data released by the stock exchanges.
- In overseas markets, Asian markets gained in the wake of solid gains in US markets overnight, while the Japanese yen briefly strengthened after a powerful earthquake rocked northern Japan appeared to have been taken in stride by investors.
- US stocks closed higher at fresh record highs yesterday, aided by a jump in oil prices and a pullback in the dollar.
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