Market ends with minor losses after strong intra-day rebound
Buying support in banking pivotals helped the market stage a sharp recovery from lower level in the last one hour of the trading session. Buying was also witnessed in PSU and oil & gas shares. Metal shares were the biggest losers in today’s trade. Resurgere Mines & Minerals settled at a 94.20% premium over the initial public offer (IPO) price.
The BSE 30-share Sensex lost 66.02 points or 0.45% to 14,498.51. The index opened with a downward gap of 151.54 point on weak global cues. Selling activity intensified by afternoon, dragging the index lower by 283.43 point at the day’s low of 14,281.10. However, strong buying support in banking and other index pivotals towards the latter part of the trading session helped the Sensex pare early losses.
Nifty was down 11.35 points or 0.26% to 4348.65.
As per provisional data released by the stock exchanges after trading hours, foreign funds today,
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