Markets move into the green
Tuesday, 19 October 2010
MUMBAI, Oct 18 (Business Standard): The sensex is up 16 points at 20143 and the Nifty has added nine points at 6,072.
Renewed buying interest in select IT stocks coupled with recovery in Larsen & Toubro have helped the markets cut losses. The Sensex which touched a low of 19,870 in opening deals, recovered partially on the back of good Q2 numbers from Larsen & Toubro.
In fact, there has been a sharp recovery in the last few minutes of trade, the Sensex is now down just 70 points at 20,054.
The NSE Nifty too has clawed its way back, and is now down 25 points at 6037.
The BSE IT index has appreciated nearly 1 per cent to 6130. The Oil & Gas index is unchanged at 10,699.
Renewed buying interest in select IT stocks coupled with recovery in Larsen & Toubro have helped the markets cut losses. The Sensex which touched a low of 19,870 in opening deals, recovered partially on the back of good Q2 numbers from Larsen & Toubro.
In fact, there has been a sharp recovery in the last few minutes of trade, the Sensex is now down just 70 points at 20,054.
The NSE Nifty too has clawed its way back, and is now down 25 points at 6037.
The BSE IT index has appreciated nearly 1 per cent to 6130. The Oil & Gas index is unchanged at 10,699.