Sensex erases initial gains on selling; still trading in green

Sensex erases initial gains on selling; still trading in green Mumbai: The BSE benchmark Sensex on Thursday surrendered its initial gains on hectic selling in capital goods and consumer durable sectors, though gains in heavy weights like auto and oil and gas shares amid fund buying supported the market on the back of higher global cues.

The BSE 30-share index, Sensex, resumed strong at 19,728.02 and fluctuated between 19,783.75 and 19,687.87.

It quoted 19,687.87 at 1030 hrs, up by 21.28 points, 0.11 percent from its previous close.

The NSE 50-stock index Nifty was up by a mere one point, or 0.02 percent, at 5,972.50.

Major gainers were - Tata Motors (2.59 percent), ONGC (2.04 percent), Coal India (1.48 percent), Wipro (1.37 percent) and Gail India (1.12 percent).

Major losers were BHEL (1.81 percent), (ICICI Bank (1.42 percent), L&T (1.14 percent) and TCS (0.96 percent).

Meanwhile, Foreign Institutional Investors (FIIs) bought shares worth Rs 848.95 crore yesterday, as per provisional data from the stock exchanges.

Asian stocks were trading positive, with key indices in China, Hong Kong, Japan, Singapore and Taiwan trading 0.36-1.03 percent on better than expected Chinese economic data.

PTI