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Sensex recovers 600 points

This article was posted on Aug 9, 2011 and is filed under Market News

Markets rebounded smartly on the back of strong cues from European markets. The BSE Sensex recovered 660 points from the days low, thanks to recovery in realty and auto sectors. The index, however, is unchanged at 16,939. The Nifty is up 14 points at 5,131.

Global markets recovered following a positive opening for the European indices. Shanghai Composite is down marginally at 2,526. Taiwan Weighted was down 0.8% at 7,493.

According to provisional data, FIIs sold shares worth Rs 1,385.78 crore on Monday. Till Friday, FIIs have sold shares worth Rs 2,640 crore this month.

ITC, HDFC and HDFC Bank were leading the recovery – contributing over 70 points to the Sensex’s upmove. for more visit: Business Standard

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