Sensex recovers on fag-end buying; Maruti leads gains


Sensex recovers on fag-end buying; Maruti leads gains
Mumbai: Recovering from earlier losses, the Bombay Stock Exchange benchmark Sensex today ended marginally higher on fag-end buying in fundamentally strong stocks, led by Maruti Suzuki. The 30-share index, which had dipped by over 120 points in early trade, bounced back to close higher by 6.25 points at 17,755.94 points. BSE Midcap Index was up 0.90 per cent and BSE Smallcap Index moved 0.71 per cent higher. The chart showing the 52 week performance of Sensex is on the left. Maruti (3.18 percent), ACC (2.01 percent), DLF (2.01 percent), Hindustan Unilever (1.81 percent) and Infosys (1.15 percent) were the top Sensex gainers. Among the sectoral indices, BSE Realty Index advanced 1.79 percent, BSE Healthcare Index moved 1.48 percent higher and BSE FMCG Index edged 0.75 percent up. After remaining subdued in early trade due to a mixed pattern in the Asian region on reports of fall in the U.S. home sales, a recovery in European stock markets this afternoon lifted the market sentiment to some extent, brokers said. The market was under selling pressure as investors squared up pending positions a day ahead of the expiry of monthly contract in the derivatives segment. Rising concerns of global economic growth after an unexpected decline in the U.S. home sales and deepening European debt crisis also impacted the sentiment, they added.
Source: PTI