Markets bounce back in afternoon trade

Mumbai, Feb 13: After recovering initial losses, the benchmark indices, Sensex and Nifty bounced back in afternoon trade by nearly 314 and 113 points respectively from the day's low on hectic short-coverings.

The 30-share sensitive index of Bombay Stock Exchange, Sensex, which was down by over 177 points to 14,013.46 at early trade, later recovered sharply to 14,327.17 at 12:15 pm as against yesterday's close of 14,190.70, a rise of 136.47 points.

Except the FMCG sector, all other sectoral indices were quoted in the green with auto and refinery segments leading the pack.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) also bounced back to quote at 4,111.75, up by 58.20 points over the previous close of 4,058.30.

Index-based shares like RIL, Bajaj Auto, Tata Motors, ICICI Bank, Bharti Airtel, Maruti, REL, SBI, TCS and Wipro showed sharp gains.

Article Source: http://www.share.onlypunjab.com

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