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BSE Sensex recovers 155 points in late morning trade

BSE Sensex recovers 155 points in late morning trade

The benchmark BSE Sensex was up 130 points or 0.43 percent at 29,702, snapping a three-session losing streak. A Reuters report said, "Global stock markets were pressured on Tuesday as rising tensions in the Middle East and political uncertainty in Europe kept investors on edge, underpinning safe assets such as the yen, gold and Treasuries".

The S&P BSE Sensex, which opened at 29,630.06 points, closed at 29,788.35 points from its previous day's close at 29,575.74 points. "The rupee reversing some of its losses and approaching Infosys Q4 results propped up IT stocks". Capital Goods (up 1.5 per cent), Realty (up 1.3 per cent) and Bankex (up 1 per cent) indices were other notable gainers.

The broader Nifty index was up 25 points or 0.27 percent at 9,205.

The BSE market breadth was bullish - with 1,715 advances and 1,173 declines.

"India's IIP and CPI releases tomorrow will keep market interested, but may not make a strong move until Q4 numbers start flowing in". The rupee was trading at 64.665 up by 0.067 paisa or 0.10% against dollar.

Sunderland to appeal Larsson red card
Victor Anichebe has admitted to the Chronicle that he played for Sunderland without being fully fit. "We tried to keep it going". They are the foundations we need. "We got the three points, (with a) solid performance against a team that is sad".

UK's Johnson cancels Moscow visit after Syria gas attack
The nature of the substance used has not been confirmed, and Syria has insisted it would not and has not used chemical weapons. Iran's President Hassan Rouhani has said "terrorists are celebrating" the USA strikes on the air base.

Angels place Richards on DL with strained right biceps
He opted not to have Tommy John surgery, instead choosing a less invasive biometrics procedure. He won 28 games over the 2014 and 2015 seasons, but was limited to six starts previous year .

Shares of Karnataka Bank surged 9 per cent today after it disclosed that ICICI Bank has picked up a little over 1 per cent stake in the company.

Meanwhile, the foreign funds sold net Rs. 716.19 crore yesterday, as per provisional figures.

Sectoral indices such as IT, technology, telecom, refinery and power witnessed robust buying.

The major Nifty gainers were ITC (3.11 per cent), ICICI Bank (2.16 per cent), Bank Of Baroda (2.10 per cent), Power Grid (1.97 per cent) and L&T (1.84 per cent).

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