Sensex and Nifty recovered from early losses in late morning trade, led by banking and auto stocks. Kotak Mahindra, HDFC Bank, and Reliance gained, while FIIs sold equities. US Fed rate cut had limited impact on Indian markets

Mumbai: Equity benchmark indices Sensex and Nifty staged a smart comeback in the late morning trade on Thursday after slipping into the negative territory in early trade as buying in banking and auto stocks helped the markets recover all the early lost ground.

The 30-share BSE Sensex opened on a firm note, rising 149.3 points to 84,540.57 while the broader NSE Nifty advanced 45.05 points to 25,803.05.

However, the indices soon pared early gains as selling pressure intensified across heavyweight counters.

Both benchmarks later regained strength as investor sentim

See Full Page