15 Feb 11.10 AM: Sensex declines from new lifetime high

15 February 2006

After yesterday's correction, a recovery was expected in early trades this morning. The early bounce-back was much stronger than expected as almost all frontline stocks opened with gains. Most Asian markets were trading at higher levels which helped the sentiments.

However, Asian markets gave up all their early gains and slipped into the red. This turned the sentiment in the local markets as well and the indices came down considerably from their early highs.

The Sensex opened with substantial gains at 10145 and saw a new intra-day lifetime high of 10192. The index is trading higher by 30 points at 10117 at 11.10 AM.

The Nifty could not go past its lifetime high and saw a high of 3049 in early trades. The index is trading at 3026, higher by 9 points.

Nalco has made a smart come back after yesterday's fall and is now trading with gains of more than 4 per cent.