Sensex rises as Greek drama ends

The BSE Sensex edged 0.14% higher after a choppy trading session on Monday, as hopes of stability in Greece improved global risk appetite and offset weak corporate earnings at home. The BSE index closed 24.15 points up at 17,772.84, with almost two-thirds of its components gaining. "Choppiness is a sign of nervousness. This is a thumb rule. We are at a level which is difficult to sustain on a fundamental basis," said Arun Kejriwal, an analyst at research firm KRIS. "We have some reason to celebrate on account of Greece coming to some sort of compromise, we have some reasons to celebrate that results are not as bad as expected. So we are just about holding," he said.

Source: Economic Times