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Indian equities trade higher, Sensex up 3 per cent

Posted : Wed, 19 Nov 2008 07:15:24 GMT
Author : DPA
Category : India (Business)
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New Delhi - Indian markets Wednesday snapped a five-session losing streak and were in the positive territory with the benchmark Sensex climbing 3 per cent to breach 9,000 levels. The 30-share sensitive index, which dipped 3.8 per cent on Tuesday, gained 194.89 points and was quoted at 9,132.09, 15 minutes after trading opened.

The Bombay Stock Exchange's barometer index was at 9,226.56 at 12.20 pm (06 50 GMT), up 3.24 per cent.

The broader 50-share S&P CNX Nifty of the National Stock Exchange also rose 85.40 points to 2,768.55, up by 3.18 per cent.

Market analysts said the bourses regained strength following overnight gains in the US markets.

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