Nifty recovers 122 points, ends above 10150-mark

BSE-Sensex business

At about 9.40 am, the Sensex jumped 150 points or 0.46 per cent at 32,746.90 while the NSE Nifty gained 49.05 points or 0.49 per cent to 10,093.15.

On the other hand the broader 51-scrip Nifty at National Stock Exchange (NSE) opened at 10,088.80 points after closing at 10,118.25 points.

Mumbai: Benchmark Nifty staged a smart recovery and climbed by 122.60 points on Thursday, driven by across- the-board value buying despite bearish Asian cues. "A sharp fall in oil prices in global commodities market yesterday (Wesdnesday) also boosted market sentiments", Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS.

Major gainers in the 30-share index were Bharti Airtel (6.08%), Asian Paints (3.29%), Maruti Suzuki India (3.26%), Tata Steel (2.97%), and Bajaj Auto (2.78%). Japan's Nikkei advanced 1.45 per cent, Hong Kong's Hang Seng rose 0.29 per cent, while Shanghai Composite Index shed 0.67 per cent.

The benchmark BSE Sensex was trading down by 78.86 points in late morning deals due to selling in rate-sensitive stocks ahead of the key RBI policy announcement.

The rupee's weakness against the dollar too dampened the overall mood.

All the 19 sub-indices of the BSE ended in the positive territory, led by the S&P BSE consumer durables index, which augmented by 523.55 points, followed by auto index by 488.19 points and capital goods index by 378.66 points.

However, Sun Pharma, Wipro, Cipla, TCS and Coal India finished with losses.

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