Sensex bounces back in early afternoon trade (Second Lead)

May 5th, 2008 - 3:14 pm ICT by admin  

Mumbai, May 5 (IANS) The 30-share benchmark index of the Bombay Stock Exchange (BSE), the Sensex, bounced back in early afternoon trade Monday and moved to positive zone on the back of sustained buying in realty and capital goods stocks. The market had opened in the green and but slipped into the red in early trade. At 1.00 p.m., the Sensex was up 66.86 points or 0.38 percent to 17,667.00. It had hit a high of 17,735.70 in early trade. At the day’s low it touched 17,553.72.

However, the broader based S&P CNX Nifty of the National Stock Exchange was still down by 4.45 points or 0.9 percent at 5,223.75.

The market breadth was strong on BSE with 2,123 shares advancing, compared to 4,739 that declined; 30 remained unchanged.

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