Sensex up by 142 points

Mumbai: The BSE benchmark Sensex shrugged off its early losses and swung by almost 142 points at 10.30 hrs today on the back of bargain buying in banking, auto, metal, capital goods and IT sector stocks.

Sensex, which had opened 160.91 points down at 19,101.63 level, bounced back by 141.95 points, or 0.74 per cent at 19,404.49 at 1030 hrs. It had lost 440 points in the previous five straight sessions.

Similarly, the broad-based National Stock Exchange index Nifty also recovered by 56.10 points, or 0.96 per cent, to 5,841.80 after dipping to 5,735.55.

Brokers said emergence of buying in banking, auto and metal stocks at prevailing low levels, helped both the bourses to bounce back.