Sensex rebounds 101 points; banking stocks climb

December 30th, 2011 - 2:51 pm ICT by IANS  

Sensex Mumbai, Dec 30 (IANS) Snapping a three-day losing streak, a benchmark index for Indian equities was trading over 100 points higher Friday on the back of good buying support in banking and PSU stocks.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the positive terrain, was ruling at 15,645 points, up 0.65 percent or 101.07 points from its previous close of 15,543.93 points.

The benchmark Sensex had lost 427 points in the previous three trading session.

The 50-scrip S&P; CNX Nifty of the National Stock Exchange was ruling 0.74 percent higher at 4,680.45 points.

The broader markets as well as most sectoral indices were also in the positive. The BSE midcap index was ruling 0.44 percent higher and the smallcap index was 0.40 percent higher.

There was good buying support in public sector and banking stocks. PSU index of the Bombay Stock Exchange was ruling 1.59 percent higher. Bankex was trading with a gain of 0.97 percent.

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