Sensex wipe off early losses to end in profit

MUMBAI: The benchmark Sensex made good its initial loss and ended with a gain of 74 points on the Bombay Stock Exchange on Wednesday following revival of buying by funds in select blue-chip stocks.

The 30-shares Sensex, which commenced the day with a loss of 327 points on global cues, rebounded to close at 14,993.04, up 73.86 points. It touched the day's high of 15,029.53 and a low of 14,592.11 points.

Similarly, the wide-based National Stock Exchange index Nifty gained 38.60 points at 4,359.30, after touching a high of 4368.60 and a low of 4226.35 points.

Maximum support to the market came in from metal sector with a gain of 455.50 points at 11,203.77, followed by capital goods index by 129.49 points at 13,246.71.

PSU index rose by 105.10 points at 6929.88, oil and gas index by 97.34 points at 7936.51, consumer durable index by 36.69 points at 4232.58 and auto index by 35.38 points at 4711.69.