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Market ends in the green, breaks 3-day losing streak

Tuesday, October 09, 2018

In a highly volatile session, value-buying by investors in recently-battered banking, oil & gas and auto stocks reversed the three-session losing streak, helping the Sensex and Nifty to close on a positive note yesterday.

The Sensex swung over 660 points both ways on alternate bouts of selling and buying.

The Sensex closed the day higher by 97.39 points, or 0.28%, at 34,474.38. The 30-scrip gauge had lost 2,149.15 points in the previous three straight sessions.

The 50-share NSE Nifty too recovered by 31.60 points, or 0.31%, to end at 10,348.05. Besides value-buying, covering-up of short positions by investors also aided the recovery in the market.

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