Mumbai: Shares moved in a range Tuesday, but managed to shake off two consecutive days of weakness, with Sensex and Nifty signing on a positive note.
The markets looked for direction, but there were no big triggers at hand. The uninterrupted buying of domestic institutional investors and a positive trend abroad gave the markets some relief.
The hedge of short positions by the speculators gave a boost to the stock.
After a higher opening, the Sensex was set 33 points, or 0.11 percent, to 31,291.85.
The 30-share indicator had lost 536.61 points in the last two sessions, mostly driven by more than 15 percent in Infosys stock following the surprise resignation of Vishal Sikka as CEO last Friday amidst the departures Of foreign funds.
The NSE Nifty regained the 9,800 mark but yielded some of the gains due to the profit reserve before finishing at 9,765.55, an increase of 11.20 points, or 0.11 percent.
India’s second largest IT exporter, Infosys, which had been declining for two days in a row, is back in the green by climbing 0.42 percent to 877.15 rupees in buying value.
