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Tuesday, August 25, 2009

Strong optimism in heavyweights and sectoral stocks saw the Sensex gain 60 points for the day.


With Dow Jones and majority of Asian indices (Nikkei, Hang Seng etc) down, the Indian stock market opened weak at the opening bell.
The market slid further as the day rolled and the bellwether Sensex touched the day's low of 15423, down 206 points, within an hour of the opening bell. However by afternoon the index recovered and entered the positive zone on buying at lower levels especially in information technology (IT) and consumers durable stocks. The intra-day high for the benchmark was 15735. Among IT scrips, Wipro, Tata Consultancy Services (TCS) and Infosys Technologies attracted investor interest. The Sensex finally settled at 15688, up 60 points and Nifty closed at 4659, up 17 points.

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