STAFF WRITER 16:32 HRS IST
Mumbai, Apr 9 (PTI) The Bombay Stock Exchange benchmark Sensex today recovered by over 218 points on fund-based buying in heavyweight stocks, led by banks, on expectations of better fourth quarter earnings and firm global trends.
The 30-share index, which had lost 256 points in the previous session, bounced back to record a gain of 218.74 points to close at 17,933.14 points.
The BSE barometer commenced the day higher and recorded the longest nine-week gain since June last year. The index advanced 1.2 per cent this week.
Brokers said expectations of good fourth quarter result by India Inc and heavy foreign fund inflows boosted the bourses. The market is entering the period of quarterly earnings with IT major Infosys kickstarting the reporting season on Tuesday.
Most Asian stocks ended higher after overnight gains on Wall Street which also influenced the trading sentiment, they added.
Mumbai, Apr 9 (PTI) The Bombay Stock Exchange benchmark Sensex today recovered by over 218 points on fund-based buying in heavyweight stocks, led by banks, on expectations of better fourth quarter earnings and firm global trends.
The 30-share index, which had lost 256 points in the previous session, bounced back to record a gain of 218.74 points to close at 17,933.14 points.
The BSE barometer commenced the day higher and recorded the longest nine-week gain since June last year. The index advanced 1.2 per cent this week.
Brokers said expectations of good fourth quarter result by India Inc and heavy foreign fund inflows boosted the bourses. The market is entering the period of quarterly earnings with IT major Infosys kickstarting the reporting season on Tuesday.
Most Asian stocks ended higher after overnight gains on Wall Street which also influenced the trading sentiment, they added.
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