Market bounces back

The benchmark Sensex made good its initial loss and ended with a gain of 74 points on the BSE on Wednesday following revival of buying by funds in select bluechip stocks.

The Sensex, which commenced the day with a loss of 327 points on global cues, rebounded to close at 14,993.04, up 73.86 points. It touched the day's high of 15,029.53 and a low of 14,592.11 points.

Similarly, the S&P CNX Nifty on the NSE gained 38.60 points at 4,359.30, after touching a high of 4,368.60 and a low of 4,226.35 points.

Maximum support to the market came in from metal sector with a gain of 455.50 points at 11,203.77, followed by capital goods index by 129.49 points at 13,246.71. PSU index rose by 105.10 points at 6,929.88, oil and gas index by 97.34 points at 7,936.51, consumer durable index by 36.69 points at 4,232.58 and auto index by 35.38 points at 4,711.69