Modest recovery in equities

MUMBAI, OCT. 9. Equities staged a moderate recovery, lifting the Sensex by over 29 points in lacklustre activity on the Bombay Stock Exchange today following fresh purchases by domestic financial institutions in spite of the latest wave of U.S. attacks on Afghanistan.

The BSE benchmark 30-share index opened up at 2772.21 and later fluctuated in a small range between 2802.34 and 2772.21 before closing at 2794.42 against yesterday's close of 2765.37, a net gain of 29.05 points. The BSE-100 index improved by 15.83 points to 1295.86 from 1280.03.

Domestic funds led by Unit Trust of India were reportedly supporting the market by picking up shares of Infosys Technologies, BHEL, Hindustan Lever, Grasim, ITC, Castrol and a few others.

Though the market has discounted the war factor, market sources said foreign institutional investors have slowed down activity to a certain extent due to weak trend on the Wall Street yesterday.

New York stocks yesterday finished lower pushing the Dow Jones Industrial Average and the Nasdaq composite index, which had been struggling to hold on to its earlier gains, into negative territory.

- PTI

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Section  : Business
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