Indian share prices rose one percent on Monday as sentiment across global markets improved after central banks pumped cash into the banking system to ease fears of a US credit crunch, dealers said. They said buying was seen in automobile, metal and banking stocks.
The benchmark 30-share Sensex index closed up 148.96 points to 15,017.21, after slipping 231.9 points last Friday. At Monday's close, the Sensex has fallen 5.36 percent from its intraday record of 15,868.85 on July 24 as concerns remained about the troubled US mortgage sector.
"The markets recovered as Asian and European stocks rose. We however expect global volatility to continue in coming days," said a dealer with brokerage Prabhudas Lilladher.
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