Covering-up of short positions supported late recovery, helping wipe off initial losses.
The S&P BSE benchmark Sensex resumed higher at 27,997.29 and hovered between 28,477.65 and 27,919.89 before ending the week at 28,061.14, revealing a gain of 195.18 points or 0.70 per cent.
Mumbai: Breaking its two-day slide, the benchmark Sensex today closed up at 32,325 after fag-end buying, led by consumer durables, oil and gas and auto, amid a firm trend in Europe.
Covering-up of short positions supported the late recovery, helping wipe off initial losses. The 30-share index started on a bearish note, but late buying helped it settle up 87.53 points, or 0.27 per cent, at 32,325.41.
The gauge had lost 337.29 points in the previous two sessions. The NSE Nifty closed higher 52.75 points, or 0.53 per cent, at 10,066.40 after touching a high of 10,075.25.
On a weekly basis, the BSE managed to close with gains for the fifth straight week by rising 15.53 points, or 0.04 per cent. NSE too ended up 51.90 points, or 0.51 per cent.
( Source : PTI )
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