Sensex recovers to 15,000 level on positive global cues

So much so, the bellwether index of BSE, Sensex regained the psychological 15,000 level within a day after falling below that mark on Wednesday but the up-move was on the back of lower turnover.

All sectoral indices on BSE logged gains, while auto, metal, and banking sector stocks hogged limelight.  Yet, Adani Power on the day of its listing closed flat at Rs 100.05 almost equivalent of its IPO price of Rs 100 per share.

Volatile trade

Intraday volatility on the bourses was high this day, with the market witnessing alternate bouts of rallies and profit taking after the key indices surged to the day’s high in mid-morning trade on media reports that the monsoon deficit has narrowed.

The popular Sensex at BSE gained 202.68 points or 1.37 per cent to close at 15,012.32 points. The barometer index swung between the day’s high of 335.36 points to the day’s low of 118.54 points. The broader based S&P CNX Nifty at NSE was up 59.35 points or 1.35 per cent to settle at 4453.45 points in the closing. Nifty August 2009 futures were at 4449.90 at a discount of 3.55 points as compared to the spot closing.

Turnover on the bourses was lower this day with the BSE clocking a turnover of Rs 3870 crore, which is lower than Rs 5320 crore on Wednesday.   The market breadth, indicating the overall health of the market, was strong with as many as 1524 share on BSE having advanced as compared with 1171 scrips that declined and a total of 77 stocks remaining static.

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