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Equity indices recover from day's lows on buying support

16 December 2018 06:06

Key Indian equity indices recovered from the days lows to trade on a flat-to-positive note during the mid-afternoon trade session on Friday with buying support from oil and gas, and banking stocks.The key indices -- which opened at fresh levels on Friday -- had slipped into the negative territory on a sudden sell-off on account of an unprecedented event in which four senior judges of the Supreme Court met the media to complain that the administration of the countrys top court was not in order, said market observers.The Sensex recovered almost 200 points from its days low at 34,342.16 points.Around 2 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE rose by 36.84 points or 0.11 per cent to trade at 34,540.33 points.However, the BSE market breadth remained bearish as 1,610 stocks declined as compared to 1,208 advances.Around the same time, the wider Nifty50 of the National Stock Exchange (NSE) edged higher by 7.90 points or 0.07 per cent to 10,659.10.
Equity indices recover from day's lows on buying support. This article is published at 16 December 2018 06:06 from Sify Indian Business and Finance News, click on the read full article link below to see further details.

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Tags : Equity, indices, recover, from, lows, buying, support