Rally in old economy lifts Sensex 32 pts

Our Markets Bureau

Mumbai, Oct 31: Buoyed by good second quarter results from some of the topline corporates, a cross section of investors resorted to bottomfishing on Wednesday which saw the benchmark BSE-30 Sensex closing the day on a positive note after declining for the past five trading sessions. Backed by rally in old economy counters, the Sensex posted a 31.90 point gain when it closed the session at at 2989.35 points, while the National Stock Exchange (NSE) S&P CNX Nifty closed the day at 971.90 points, a gain of 8.80 points.

At BSE, the Sensex opened the day at 2958.39 points, went to an intra-day high of 2998.70 points before closing at 2989.35 points.
Buying was witnessed in sectoral counters like auto, pharma, aluminium and tech stocks. Stocks which recovered were Bajaj Auto, L&T, ITC.