Sensex bounces back smartly
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After trading in the red till an hour before close, the market found some support and ended in positive territory today.
While concerns about the global economy and caution ahead of the reporting season contributed to the weakness, a firm trend in European markets triggered some buying.
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The Sensex, which rose to 16,001.31 in the final hour, ended at 15,884.87 (provisional) with a gain of 27.79 points or 0.18%.
The Nifty closed at 4761.25, up 11.30 points or 0.24%.
FMCG, oil and bank stocks moved higher. Pharma and automobile stocks found some support in late afternoon trades.
Metal, IT and consumer durables stocks ended on a mixed note.
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Capital goods, power and realty stocks closed weak.
The market breadth was slightly positive.
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