Monday, June 13 2005 17:16 Hrs (IST) - World Time -

Mumbai: In volatile trading the Sensex today (Jun 13, 2005) recovered smartly by 50.69 points due to fresh bouts of buying at lower level and after crossing the 6800-level, closed at 6832.68 on the stock exchange, Mumbai (BSE).

Better Asian advices and good support from Foreign Institutional Investors (FIIs) also aided the sentiment.

The BSE benchmark 30-shares sensitive index opened better at 6790.33 as against the previous weekend close of 6781.99.

Thereafter, it moved in a wide range of 6843.62 and 6757.04, closed at 6832.68, showing a gain of 0.75 per cent over the last close.

The Sensex had lost 77 points in the last two sessions on heavy selling pressure after a poor monsoon forecast, brokers said.

However, the interest was so strong today that market-men even ignored some of the dampening factors such as slowing down of monsoon and low GDP forecast, they added.

According the meteorology department the advance of monsoon has slowed down and now even the areas, which have received the monsoon, have received below normal rainfall.

Meanwhile, the Centre for Monitoring Indian Economy (CMIE) has lowered the GDP forecast for the financial year 2006 to 6 per cent from 6.6 per cent on uncertain monsoon prospects.

In Asia Nikkei rose by 7.28 points, Hang Seng by 17.26 points and FTSE by 10.20 points.

The major gainers were L&T, ICICI Bank, ONGC, Satyam Comp, Infosys Tech, HLL, BHEL, HDFC Bank, ITC, TCS and RIL.