The BSE Sensex bounced
back quite smartly in late morning trade and rallied more than 250 points
intraday on sharp recovery in Shanghai and strong European markets, but towards
late trade, it erased more than half of gains on profit booking in some
financials and Tata pack.
The index rose 88.26 points to close
at 18629.15, and the Nifty gained 18.85 points to finish at 5609.10.
However, the broader markets remained under pressure, though they closed off
day’s low.
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