Sensex gains 15K briefly, quickly turns negative

At 2.45 p.m. on Thursday, the Sensex was down by 311.51 points at 14,630.77. The Nifty was down by 72.50 points at 4,404.30.
The Bombay Stock Exchange benchmark Sensex moved up by 181 points to regain the 15,000 level in early trade on funds buying but had quickly turned negative.
Similarly, the wide-based National Stock Exchange's index Nifty rose by 62.65 points in the early trade to gain the 4,500 level.
Marketmen said buying activity received a booster after the ruling UPA government won the trust vote in the Parliament. They said firm trends in global stock markets and easing crude oil prices were other positive factors.
In the Asian markets, the Hong Kong's Hang Seng rose 0.4 per cent opening trade in line with overnight gains on the Wall Street. Bharti Airtel stocks were in the limelight after the company posted better than expected first quarter results, recording ne arly 34 per cent growth in its net profits.
Bharti Airtel stocks went up by a whopping five per cent at Rs 856.80 in early trade. Besides, major gainers which supported the Sensex were Reliance Industries, Rcom, Reliance Infra, HDFC Bank, ICICI Bank, State Bank of India, ONGC, Grasim Industries, B HEL, Larsen and Toubro, Maruti Suzuki, Tata Motors and Tata Steel. - PTI