Mumbai: Fresh low level buying helped the SENSEX to recover by 26.25 points and closed at 2976.34 on the Bombay Stock Exchange (BSE) on August 9.

Dealers attributed the recovery in share values to continued upsurge on the Wall Street and good monsoon in several parts of the country.

Most of the buying activities were taken place in front-line as well as second-rung software counters, which notched sharp to moderate gains following positive Wall Street advices.

The Dow Jones Industrial Average closed higher by 255.87 points on August 8 night, making it the third straight day gain to record a triple-digit profit and the tech-laden Nasdaq Composite Index spurted by 35.62 points.

Firm South East Asian markets also aided the up-trend as the Nikkei was up by 200.22 points and Hang Seng by 51.82 points at close on August 9.

The BSE-30 share sensitive index opened sharply up at 2974.68 and moved irregularly in a range of 2982.51 and 2931.78 before ending at 2976.34 as against August 8 close of 2950.09, a smart gain of 26.25 points or 0.89 per cent.

The BSE-100 index also improved by 15.34 points to 1508.93 from previous close of 1493.59.

Fast Moving Consumer Goods (FMCG) giants, Hindustan Lever Limited (HLL) touched new 52-week low during the trading but recovered part of initial losses to close just below the overnight level.

PTI