Sensex up 245 points

Sensex up 245 points
The Times of India, December 9, 2009, Page 25

Mumbai: Snapping twoday losing string, BSE benchmark sensex on Tuesday surged by 245 points to regain the 17,000-level, with investors reposing confidence in Indian shares amid distinct weakness in Asian and European bourses.

Realty shares were back in favour though debt-ridden Dubai World's real estate arm Nakheel's restructuring raised concerns in Gulf bourses which registered sharp losses. “Real Estate stocks have seen a long build-up, suggesting that investors have been taking fresh positions in these stocks,” said Bonanza Portfolio assistant vice-president Avinash Gupta. PTI