Sensex trims initial gains, still up 95 points
Mumbai: The BSE benchmark Sensex trimmed its initial gains but was still quoted higher by 95 points in the late morning trade on the back of fresh buying mainly in Auto, Realty, Consumer Durable and Banking sectors amid firm global cues.
Sustained capital inflows from foreign funds also boosted the market sentiment as foreign institutional investors (FIIs) bought shares worth a net Rs 763.28 crore last Friday, as as per provisional data from the stock exchanges.
The BSE benchmark Sensex resumed higher at 19,860.97 and shot up further to a high of 19,902.60. But fell afterwards to a low of 19,847.81 before quoting at 19,876.38 a 1025hrs, still showing a gain of 95.19 points or 0.48 percent from its last weekend's level.
The NSE 50-share Nifty also firmed up by 28.60 points or 0.48 pct to 6,027.50 at 1025 hrs.
Major gainers were Tata Motors ((3.16 pct), ICICI Bank (2.05 pct), HDFC (1.50 pct), TCS (1.39 pct) and Jindal Steel (1.38 pct).
Asian stocks rose in their early trade as US jobs and manufacturing data boosted optimism in the world's biggest economy. Key benchmark indices in China, Hong Kong, Japan, Singapore and Taiwan rose by 0.01 pct to 0.76 pct while South Korea's Kospi fell 0.06 pct.