Nifty recovers 122 points, ends above 10150-mark

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The Nifty soared 122.60 points, or 1.22 per cent, on Thursday to close at 10,166.70 after shuttling between 10,182.65 and 10,061.90. Meanwhile, the Nifty was trading higher by 75.70 points or 0.75% at 10,119.80 with 45 components gaining.

The benchmark BSE Sensex on Thursday shaped up by rebounding over 352 points as investors hunted for bargains in recently battered bank, automobiles and metal stocks. Participants sensed value-buying opportunities after equities' recent lacklustre run, making stock valuations attractive, brokers said.

According to market observers, robust buying in auto, consumer durables and capital goods stocks lifted the benchmark indices.

The Nifty is trading at 10,089.60 points in the morning.

Georgia assistant Kevin Sherrer reportedly candidate for jobs at Alabama, Tennessee
His first major college break came in 2007, when Nick Saban hired him to be Alabama's director of player development. He will take over for Butch Jones, who the Vols fired on November 12 following a 50-17 loss to Missouri.


On the NSE, 1,273 shares advanced, 473 declined, while 60 remained unchanged. "A sharp fall in oil prices in global commodities market yesterday (Wesdnesday) also boosted market sentiments", Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS. Crude prices in the worldwide markets slipped almost 3 per cent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in United States inventories of refined fuel suggested demand may be weakening.

In the broader markets, the S&P BSE mid-cap index closed higher by 1.38 per cent and the small-cap index by 1.29 per cent.

On the other hand, Reliance Industries (0.19%), and Coal India (0.17%) were the major losers in the Sensex.

Shanghai Composite Index too fell 0.61 per cent in early trade today.

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