The 620-point bounceback in the last three trading sessions has helped recover Rs 1,74,751 crore in market capitalisation. Between December 7 and December 12, the market cap had declined by Rs 2,81,086 crore. |
While the Sensex has bounced back by 619.50 points to 13,614.52 in last three trading days, the Nifty has moved up 162 points of 300 points. |
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Banking, telecommunications, information technology, refineries and power sectors reported smart come back with the market capitalisation of these sectors surging more than Rs 10,000 crore each, while constructions, pharmaceuticals, cement and non-ferrous metal sectors recovered more than Rs 5,000 crore each in market capitalisation. |
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Among sectoral indices, the BSE consumer durables index bounced back by 8 per cent in the last three sessions. The banking index, Bankex, gained 7 per cent, followed by metal index (6 per cent), capital goods index (5.1 per cent), healthcare index (4.7 per cent), IT and auto index (4 per cent) each. |
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The BSE small-cap index outperformed the Sensex and mid-cap index during the period. The small-cap index appreciated by 6 per cent compared with 5 per cent rise in the Sensex and 4.5 per cent in the mid-cap index. |
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Including, Reliance Communications (Rs 466.65), Crompton Greaves (Rs 208.40), J& K Bank (Rs 574.50) and ICI (Rs 425) total eighty two stocks hit one year highs on BSE. |
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Reuters adds: The Senses rose rose 0.94 per cent on Friday, gaining for a third straight day as they recovered from a sharp sell-off, with dominant stock Infosys Technologies leading the index. |
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The Sensex gained 127.36 points to close at 13,614.52 points, with 23 firms in the positive territory, but was down 1.3 per cent on the week. |
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"I would say the uptrend is still intact as the market has been able to cover almost 60 per cent of the losses incurred," said Gajendra Nagpal, director at Unicorn Investments. |
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The Sensex has risen 4.8 per cent in three days after it had slid 7 per cent in a three-day sell-off that began last Friday. |
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