Tuesday, January 6, 2009

# Closing Bell: Sensex recovers sharply to end near day’s high

Markets witnessed a volatile trading session today. After opening in the red, markets quickly moved into the positive territory during the morning session. However, after nose diving in the red during the afternoon session, persistent buying activity led the indices to close well above the dotted line. The Sensex closed higher by around 60 points, while the Nifty closed higher by 5 points. Stocks from the mid-cap and small-cap indices ended marginally in the red. While stocks from the cement, auto and banking space led the pack of gainers, stocks from the realty and power sectors failed to garner the investors’ interests. Rupee closed at 48.6 against the US dollar. The Asian markets closed on a mixed note. However, the European indices are currently trading firm.


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