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5 September 2017
 |
Indian financial markets (The Total Investment & Insurance
Solutions)
The
BSE Sensex on Tuesday recovered by 107 points to close at 31,809.55 in a choppy
trade on bargain buying by jittery investors in banking, oil & gas and auto
stocks.
Buying activity picked up momentum in the
later part of the session largely in tandem with strong opening of European
shares.
The overall recovery received some support
from consumer durables, realty, oil & gas, metal and banking stocks which
recouped their losses to an extent.
The NSE Nifty also moved up by 39.35 points,
or 0.40 percent, to end at 9,952.20, after moving between 9,963.10 and
9,901.05.
Meanwhile, the services sector activity in
India suffered the second consecutive month of contraction in August as
business activity and new work orders got affected by the Goods and Services
Tax (GST), a monthly survey has found.
The Nikkei India PMI said in its survey,
activity Index improved slightly from 45.9 registered in July to 47.5 in
August. The Total
Investment & Insurance Solutions
The Sensex opened higher and hit the day's
high of 31,863.47 as banking, auto and IT stocks advanced. But profit-booking
triggered by weak Asian markets dragged the barometer to a low of 31,674.23 in
afternoon session.
It finally closed higher by 107.30 points, or
0.34 percent, at 31,809.55 on strong European cues. The Total Investment & Insurance
Solutions
The Sensex had lost 189.98 points in the
previous session in line with a general weakness cross the globe fuelled by
North Korea's nuclear test on Sunday.The Total
Investment & Insurance Solutions
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