After a depressing start and a subsequent sharp fall, Indian equities made a smart recovery this morning on the back of some spirited buying action in some of the frontline stocks.
IT, power and consumer goods gained ground, whereas realty and banking stocks went down due to the expected rate cut not happening during the last weekend.
BSE Midcap and Smallcap index gained 0.11% and 0.31% respectively.
At 11:00 a.m., the 30-share index BSE Sensex, which tumbled to a low of 8708.85 after opening at 8840.53, rallied to 8,961.14, up 45.93 points.
The Securities and Exchange Board of India, on Thursday said that short term selling is not a cause of market meltdown. SEBI Chairman futher added that it would not stop short selling as a regulator at this point of time.
New York - US stocks surged Friday on news that president- elect Barack Obama would tap New York Federal Reserve Chairman Timothy Geithner to head the Treasury.
The Dow Jones Industrial Average and the Standard & Poor's 500 Index both gained more than 6 per cent on Friday, one day after the S&P had reached an 11-year low. The Dow hit a five-year low on Wednesday.
Seoul - Shares tumbled 3.4 per cent Monday on 
After a depressing start and a subsequent sharp fall, Indian equities made a smart recovery this morning on the back of some spirited buying action in some of the frontline stocks.
India,
The Securities and Exchange Board of India, on Thursday said that short term selling is not a cause of market meltdown. SEBI Chairman futher added that it would not stop short selling as a regulator at this point of time. 
New York - US stocks surged Friday on news that president- elect Barack Obama would tap New York Federal Reserve Chairman Timothy Geithner to head the Treasury.
