Sensex Up 151 Points in Opening Trade

22 November 2011 - Which Way to Pay

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Sensex Up 151 Points in Opening Trade

The benchmark index Sensex has made a comeback of over 151 points in opening trade today. The hike comes after eight days of losing on the BSE benchmark Sensex as investors begin to buy again.

The 30-share BSE index lost almost 1,625 points over the last eight sessions but made a recovery of 151.20 points, 0.94%, taking it up to 16,097.30 in opening trade. The recovery was led primarily by metals, capital goods, auto stocks and realty.

The broader Nifty, National Stock Exchange, saw similar gains with the index gaining 45.45 points, 0.95%, taking it up to 4,823.80.

Today’s recovery has been attributed by brokers to investors covering up short positions before the monthly expiry date in the derivatives segment at the end of week as well as buying blue-chip stocks at bargain prices.

As Asian markets feel the pinch of flagging demand and the European debt crisis continues as well as the US market seeing losses overnight, the gains stopped in the Indian domestic market.

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