Sensex rebounds into green, gains 90 points

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Mumbai, May 14: Sensitive index of Bombay Stock Exchange rebounded to attain gains around 90 points after starting the day on negative note. The Benchmark index resumed the session 61.56 points down at 16,691.30 and further slipped at 16,626.35, lost 126.51 points in the opening trade, however, soon after recovered into green on fresh buying in the select pivotals tracking the global cues, brokers said. The broader-based S&P CNX Nifty index of National Stock Exchange was almost flat below 5,000 level. The market breadth was positive on BSE with 943 shares advancing as compared to 681 that declined. 56 remained unchanged.

Oil&Natural Gas Corporation slumped 3.02 per cent to Rs 967. It was the top loser from Sensex pack, Reliance Industries (RIL) was marginally down by 0.39 per cent to Rs 2,491.80, Reliance Infrastructure declined 1.32 per cent to Rs 1,363, NTPC was down 2.34 per cent to Rs 187.80 and HDFC Bank lost 1.73 per cent to Rs 1,456.60. However, Bharti Airtel gained 1.55 per cent to Rs 834. It was the top gainer from Sensex pack. DLF was up 0.81 per cent to Rs 620, Hindalco Industries up 1.17 per cent to Rs 182.05 and Mahindra&Mahindra gained 1.03 per cent to Rs 673.60.

Shares of oil marketing firms were subdued following reports that the Union government will issue bonds worth Rs 15,000 crore to state oil refiners for the quarter ended on March 2008.

As per provisional data, foreign funds purchased shares worth a net Rs 73.93 crore on Tuesday. Domestic funds bought shares worth a net Rs 266.50 crore on that day.

Foreign Institutional Investors (FIIs) were net buyers of Rs 617.15 crore in the futures and options segment. They were net buyers of index futures to the tune of Rs 658.33 crore and sold index options worth Rs 41.12 crore. They were net buyers of stock futures to the tune of Rs 3.90 crore and sold stock options worth Rs 3.96 crore.

UNI

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