Sensex trims initial gains, still up by 40 points
Mumbai: The S&P BSE benchmark Sensex trimmed its initial gains, but was still quoted higher by 40 points led by buying mainly in IT, Teck, Capital Goods and Realty counters on the back of higher Asian cues despite selling in FMCG, Auto and PSU counters.
The BSE benchmark index resumed higher at 18,355.14 and shot up further to a high of 18,382.26. But, declined afterwards to a low of 18,225.20.
The NSE 50-share Nifty also moved up by 5.20 points or 0.09 percent to 5,500.30.
Major gainers were HDFC (1.84 percent), Bharti Airtel (1.82 percent), Wipro (1.70 percent), TCS (1.50 percent), NTPC (1.10 percent) and Infosys (0.86 percent).
Meanwhile, foreign institutional investors (FIIs) sold shares worth a net Rs 664.90 crores yesterday as per provisional data from the stock exchanges.
Most of the Asian stocks rose in the early trade pushing the benchmark regional equities gauge higher for a third day, as commodity producers advanced and a report showed China's imports jumped.
Key benchmark indices in South Korea, Hong Kong, Japan and Taiwan rose by 0.1 percent to 0.83 percent while indices in China, Indonesia and Singapore shed by 0.29 percent to 0.35 percent.
US stocks rose yesterday lifting the Dow Jones Ind Average to a record high, as Wall Street embraced the start of first-quarter earnings.
With PTI Inputs
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