Money on the markets
A maturing market amid the mayhem
For the second day in a row, the Sensex registered small gains after a volatile session.
A surge in Asian markets helped the benchmark add over 2 percent by late morning, but the gains could not be sustained and the index ended marginally higher at 9202 as investors booked profits in stocks such as Reliance Industries.
Sectorally, the metals index was the best performer, ending 3 percent higher. Stocks like Ispat Industries jumped over 12.4 percent, while Tata Steel gained 4.9 percent.
Prominent among the other Sensex gainers were DLF and JP Associates which rose 5.1 and 4.6 percent respectively. Mahindra & Mahindra and Ranbaxy Labs were on the losing side of the index.
The BSE Sensex saw a choppy start today but buying by domestic funds lifted it into positive territory.
The 30-share sensitive index rose 2 percent to 9,424.24, its highest close since January 7, as domestic funds focussed on blue chips with earnings potential, such as Reliance Industries.