Mumbai: Share values recovered smartly after the two-day losing streak as the benchmark recouped by 27.89 points to close at 3,103.90 on the Bombay Stock Exchange (BSE) on September 17 following fresh buying by operators as well as retail investors.

The news that Iraq has agreed unconditionally to re-admit UN weapon inspectors came as a shot in the arm to the investing fraternity who went on buying spree, particularly in IT segment, dealers said.

Under the leadership of software bellwether, Infosys Tech, IT counters bounced back with good speculative-cum-investment buying despite a fall of 15.52 points in the tech-heavy NASDAQ Composite Index on September 16 night.

The BSE-30 share Sensitive index resumed slightly better at 3,078.16, which was also the day's low, and gradually moved up further to a high of 3,107.89 before ending at 3,103.90 as against the previous close of 3,076.01, a rise of 0.91 per cent.

The broad-based BSE-100 index also recovered by 12.28 points to close at 1,525.87 from previous close of 1,513.59.

Petro-chem giant and heavyweight, RIL, also hogged the limelight on some interested buying and aided the SENSEX rise.

However, oil shares from Public Sector Undertakings (PSUs) segment continued their southward journey on selling by nervous operators. Other PSU stocks ruled mixed on alternate bouts of buying and selling.

Meanwhile, the Dow Jones Industrial Average and the NASDAQ Composite Index futures were quoted higher by 144 and 18 points respectively this afternoon.

PTI