Sensex gains for 2nd day on strong global cues, short-covering
December 29, 2015 16:49
Markets rose for the second straight session as the benchmark BSE Sensex today gained over 45 points in a volatile trade to close at 26,079.48, led by gains in auto and banking stocks and a positive global trend.
Covering-up of short positions by speculators ahead of the December month expiry in the derivatives space accelerated the gains, traders said. Sentiment took a turn for the better after Asian and European stocks rose across the board despite losses on the Wall Street overnight.
Covering-up of short positions by speculators ahead of the December month expiry in the derivatives space accelerated the gains, traders said. Sentiment took a turn for the better after Asian and European stocks rose across the board despite losses on the Wall Street overnight.