Tuesday 25 August 2015

Sensex, Nifty See Robust Recovery; Rupee, Europe Strong

Posted by suhani varma on Tuesday, August 25, 2015 with No comments

The market recovered from its day's low with the Nifty and the Sensex up almost half a percent. The rupee erased early gains on big dollar buying by FIIs but sustained dollar selling by PSU banks limited losses, up 20 paise to 66.44 a dollar. The 30-share BSE Sensex climbed 121.78 points to 25863.34 and the 50-share NSE Nifty rose 31.40 points to 7840.40. About 758 shares have advanced, 1760 shares declined, and 87 shares are unchanged on the BSE. Globally, key Asian markets reversed their early gains to trade with sharp losses. 

Nikkei tumbled 4 percent and Shanghai ended at 8-month lows, down 7.6 percent. However, European markets traded strong with FTSE, CAC and DAX rising 1.5 percent each. US futures also extended gains, indicating that market will open strong after hefty losses seen in previous two sessions. Dow Jones futures gained 2 percent and S&P 500 futures rose 2.5 percent.

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