A maturing market amid the mayhem
Sensex rises in choppy trade
The BSE Sensex ended 0.9 percent up on Tuesday, recovering from yesterday’s biggest one-day drop in six months.
The benchmark turned negative during trade after rising more than 1 percent, as a large budget deficit weighed on investors’ minds. Trade was volatile and the 30-share sensitive index swung from an intra-day low of 14,000 to an intra-day high of 14,252 and closed 127 points higher at 14,170.
The fifty-share Nifty ended 0.87 percent up at 4,202.
The rise in the benchmark was led by ITC, L&T, ICICI Bank and Bharti Airtel.
On the sectoral front, the BSE Auto Index gained 3.92 percent, followed by the FMCG Index which ended 3.83 percent higher. However, the BSE Oil & Gas Index closed 1.32 percent lower.
On the global front, Asian and European markets ended lower as investors remained nervous ahead of upcoming second-quarter results.
Do you think the Sensex will recover and touch 15000 levels again?