Technical analyst, Vishwas Agarwal said the stock market was volatile mainly because of F&O expiry on yesterday, and some profit booking was also seen at upper level.
Mumbai: The benchmark Sensex climbed up after gaining more than 200 points on the BSE in early trade on growth of funds buying, actuated by tautening worldwide trend.
In first five minutes of trading, the BSE-share index rise dramatically by 207.77 points at 15, 200.81 on brisk buying by funds in blue chip shares.
Likewise, the wide-base National Stock Exchange’s Nifty also gained 51.05 points to touch 4410.35.
Stock analyst, KJMC Capital Markets, Anand Dama said yesterday, the security market deals in the positive though the majority of the international markets were down. The market showed lot of short covering. Despite that, political stableness also pulled the markets up.
After mid-session, stock market recovered as there were no remarks from the Left. The major buying was seen in PSU. Some buying was also seen in auto sector as auto numbers are anticipated in the coming two-three days.