Despite huge early losses, Indian equities markets Thursday staged a smart recovery to close with gains on strong buying by domestic institutions following assurance of adequate liquidity by the Indian finance minister and positive global cues.

1. Thu, Sep 18 06:15 PM
Mumbai, Sep 18 (IANS) Despite huge early losses, Indian equities markets Thursday staged a
smart recovery to close with gains on strong buying by domestic institutions following assurance
of adequate liquidity by the Indian finance minister and positive global cues.
The 30-share benchmark sensitive index (Sensex) of the Bombay Stock Exchange (BSE) closed
at 13,315.60, gaining 52.70 points or 0.40 percent over its previous close of 13,262.90
Wednesday after opening Thursday with a crash of more than 700 points.
The broader based 50-share S Nifty of the NSE also ended the day with a gain closing at
4038.15, up 29.9 points or 0.75 percent against its previous close at 4,008.25 Wednesday.
It too had opened nearly 200 points down.
There was strong buying with high volumes in Reliance, HDFC Bank, State Bank of India,
Larsen Toubro and other banking stocks, said portfolio strategist and US-trained chartered
financial analyst Manoj Krishnan of Delhi-base