BSE Sensex snaps 2-day losing streak; recovers over 200 points
Zee Media Bureau
Mumbai: The BSE benchmark Sensex on Thursday rose over 200 points in mid-session trade after two sessions of losses on emergence of buying by funds in healthcare, power, capital goods, IT banking and metal stocks amid a mixed Asian trend.
The 30-share barometer rose by 203 points to 19,381 points. The index had lost almost 400 points in the previous two sessions.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 64 points to 5,834.
Brokers said fresh buying by funds in select stocks and covering-up of short positions by speculators, amid a mixed trend in the Asian region following overnight gains on the US market, mainly influenced the trading sentiment.
Meanwhile, Japan's Nikkei was down by 0.12 percent, while Hong Kong's Hang seng index was up 0.71 percent today.
The US Dow Jones Industrial Average gained 0.38 percent in yesterday's volatile trade.
With PTI Inputs