Sensex rallies by 163 points in late morning trade

Sensex rallies by 163 points in late morning trade Mumbai: The BSE benchmark Sensex today rallied by 163 points in the late morning trade on renewed buying from investors and operators on the back of persistent foreign capital inflows coupled with higher Asian advices.

Shares of IT, technology, banking, capital goods, consumer durables and realty sectors rose on good buying enquiries.

The Sensex resumed higher at 19,689.09 and shot up further to a high of 19,830.56 before quoting at 19,826.72 at 1030hrs, showing a net gain of 163.08 points, or 0.83 percent from its last weekend's close.

The NSE 50-share Nifty also firmed up by 42.70 points or 0.72 percent to 5,994.00 at 1030hrs.

Major gainers were Infosys (3.89 percent), TCS (2.31 percent), ICICI Bank (1.65 percent), ONGC (1.44 percent) and Wipro (1.17 percent).

Foreign institutional investors (FIIs) bought shares worth a net Rs 825.18 crores on last Friday as per provisional data from the stock exchanges.

Most Asian stocks rose in the early trade. Key benchmark indices in China, Hong Kong, Indonesia and South Korea rose by 0.25 percent to 2.06 percent while indices in Singapore and Taiwan fell by 0.4 percent to 0.58 percent.

PTI