YouTube video by shuNai

MUMBAI: Short covering, especially during the closing hours of Monday’s session, led to a smart reversal in sensex, which closed 939 points up at 75,503 points. The development came despite strong selling by foreign funds that offloaded shares worth Rs 9,366 crore, the second-highest singlesession net outflow figure so far this year.After days of sharp slides due to the war in West Asia, some buying at low levels also emerged and supported the market. The news about a gas tanker that passed through the Strait of Hormuz reaching an Indian port also added to the positive sentiment on Dalal Street, market players said.The day’s session started with sensex sliding about 150 points, falling to just below the 73,000 mark and then recovering slowly to remain in the green zone.

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