Equity benchmarks bounced back after two-day fall. The
30-share BSE Sensex jumped 96.19 points to close at 26087.42 while the 50-share
NSE Nifty rallied 42.70 points to 7791.40 ahead of expiry of July derivative
contracts.
A sudden rebound took key benchmark indices to positive zone from negative
zone in mid-afternoon trade. The recovery came shortly after a further decline
took both, the Sensex, and the CNX Nifty, to their lowest level in more than a
week in afternoon trade. Until early afternoon trade, the key indices had moved
in a narrow range in negative zone.
Key benchmark indices snapped two-day losing streak today, 30 July 2014,
with the Sensex regaining the 26,000 level within a day of falling below that
level on Monday, 28 July 2014. The stock market was closed on Tuesday, 29 July
2014, for a public holiday.
The CNX Nifty was up 38.55 points or 0.5% to 7,787.25, as per provisional figures.
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