Sensex up by 64.88 points

Mumbai, June 12 (UNI) The key benchmark sensex of the Bombay Stock Exchange today ended in the green at 15,250.20 with a small gain of 64.88 points in a volatile session, marked by short covering by Foreign Institutional Investors and some local speculators.

The heavyweight stocks ended with modest gain on the back of sharp recovery in some sectors, shrugging off the 25 bps repo rate hike by RBI.

The Market extended yesterday's gains as improved April 2008 industrial production data, firm European markets and higher US futures markets triggered rebound on domestic bourses after an earlier steep fall. Consumer durables stocks also rose.

US futures markets were in green, indicating positive start of US markets later in the day. Dow Jones Industrial Average futures were up 46 points and Nasdaq 100 futures by 7.50 points.

It started badly this morning due to weak global cues and repo rate hike by RBI but the markets staged a sharp recovery in the second half of the session due to better than expected Index of Industrial Production (IIP) data.

The Sensex has recovered nearly 437 points from an intraday low of 14,747.99 and turned back above the 15000 mark in late trade. It closed at 15,250.20, up by 64.88 points or 0.43 per cent.

The sensitive index recorded the day's high at 15,270.85 and a low at 14,747.99 points.

The broader based S&P CNX Nifty index of NSE also rose 15.75 points and ended firm at 4,539.35 points compared to 4523.60 points on the earlier day. The Nifty slipped below 4400 mark in opening trade but managed to recover nearly 132 points from day's low. It was up 15.75 points or 0.35 pc to settle at 4539.35.

Turnover traded by the markets stood at Rs 72144.77 crore. This includes Rs 13596.9 crore from NSE Cash segment, Rs 52333.46 crore from NSE F&O and the balance Rs 6214.41 crore from BSE Cash segment.

The BSE clocked a turnover of Rs 6209 crore today as compared to a turnover of Rs 5,317.70 crore yesterday.

The BSE indices also saw gainers with OILS&GAS index rising by 142.70 points and closing firm at 9974.94, followed by METAL index by 107.84 points to 15,508.64, SML CAP index by 58.60 to 7525.90 points, MID CAP index by 32.78 to 6223.50 points, BANKEX index by 19.47 to 7037.89 points, PSU index by 18.48 points to 6521.69 points and REALTY index by 17.24 points to 5820.90 points.

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