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Equities recover on BSE

MUMBAI DEC. 5. Heavyweights, led by Reliance Industries, reversed the trend on the Bombay Stock Exchange today after a two-day sell-off on renewed buying spree, thus pushing the Sensex up by 22 points today.

According to marketmen, Reliance, HDFC, Infosys, Hindalco, Saytam and Zee have mainly contributed to the rise in the Sensex.

The players seem to have ignored the second day's losses on the U.S. markets and also sidelined the concerns of a possible terror strike ahead of the anniversary of the Babri structure demolition tomorrow by resorting to heavy buying in front-line stocks, dealers said.

Reflecting the recovery, the 30-stock BSE Sensex opened at the day's low of 3186.62 against the previous close of 3207.36, touched the day's high of 3250.25, before finishing at 3229.73, showing a net gain of 22.37 points.

Technology stocks, which suffered due to profit booking in the last two days, were the biggest gainers today on strong buying support. Media stocks too bounced back from lower levels.

Old economy stocks like auto, cement and banking also recovered smartly on good buying support, dealers said.

UNI

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