Markets wipe off early losses, end higher on value-buying

Intra-day, the Nifty slipped below 10,200 and Sensex breached 34,000.

Markets wipe off early losses, end higher on value-buying

New Delhi: Markets wiped off early losses to end the positive zone on Monday amidst short-covering by investors.

The BSE Sensex jumped 97.39 points or 0.28 percent at 34,474.38. Similarly the broader Nifty also reclaimed the 10,300-mark by recovering 31.60 points, or 0.31 percent, to 10,348.05.

Intra-day, the Nifty slipped below 10,200 and Sensex breached 34,000. Sensex swung to low of 33,974.66, a level it had touched on April 16. In the previous three sessions the gauge had plunged by 2,149.15 points.

Domestic institutional investors (DIIs) bought shares worth Rs 1,902.07 crore on Friday, provisional data showed.

Meanwhile, foreign investors pulled out over Rs 9,300 crore (USD 1.3 billion) from the Indian capital market in the last four trading sessions.

Top gainers in the Sensex kitty include, Yes Bank climbing 7.08 percent, followed by RIL at 5.53 percent.

Hero MotoCorp also surged 5.14 percent, Kotak Bank 4.62 percent, SBI 3.18 percent, Asian Paint 2.99 percent, ONGC 1.94 percent, Bajaj Auto 1.83 percent, Coal India 1.75 percent, ICICI Bank 1.35 percent, Sun Pharma 0.91 percent, M&M 0.76 percent, Adani Ports 0.73 percent, NTPC 0.28 percent and Maruti Suzuki 0.16 percent.

Vedanta emerged as the biggest plunging 10.78 percent, while HDFC fell 2.62 percent.

Other laggards were Wipro, Axis Bank, Tata Motors, Tata Steel, ITC, TCS, L&T, Infosys, Bharti Airtel, HDFC Bank, IndusInd Bank and PowerGrid, losing up to 2.14 percent.

With PTI Inputs

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