Snapping its two-day losing streak, the Sensex recovered about 39 points in early session on Thursday on buying by investors ahead of the Rail Budget to be announced later in the day amid mixed global cues.Besides, covering-up of short positions in view of February derivatives expiry gave the upside some momentum.
The 30-share barometer, which had lost 699.86 points in the previous two sessions, rebounded 38.66 points, or 0.16 per cent, to 23,127.59.Similarly, the Nifty moved up by 15.50 points, or 0.22 per cent, to 7,034.20.Stocks of companies related to the Railways, such as Titagarh Wagon and BEML edged up by 0.85 per cent and 0.39 per cent, respectively, to Rs 124.80 and Rs 1,021.95.Besides, capital goods, consumer durable, metal, PSU, healthcare and auto stocks saw some demand.
Source:thehindu.com
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Sensex recovers 39 points ahead of Rail Budget
Snapping its two-day losing streak, the Sensex recovered about 39 points in early session on Thursday on buying by investors ahead of the Rail Budget to be announced later in the day amid mixed global cues.Besides, covering-up of short positions in view of February derivatives expiry gave the upside some momentum.
The 30-share barometer, which had lost 699.86 points in the previous two sessions, rebounded 38.66 points, or 0.16 per cent, to 23,127.59.Similarly, the Nifty moved up by 15.50 points, or 0.22 per cent, to 7,034.20.Stocks of companies related to the Railways, such as Titagarh Wagon and BEML edged up by 0.85 per cent and 0.39 per cent, respectively, to Rs 124.80 and Rs 1,021.95.Besides, capital goods, consumer durable, metal, PSU, healthcare and auto stocks saw some demand.
Source:thehindu.com
Save
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