Sensex down 7 points in late morning deals

Sensex down 7 points in late morning deals Mumbai: The BSE benchmark Sensex on Thursday trimmed its earlier losses but was still quoting down by seven points in late morning trade due to profit-booking in metal, refinery, auto, banking and FMCG sector stocks despite firm global advices.

The Sensex resumed lower at 19,222.05 and hovered in a range of 19,275.61 and 19,212.92 before quoting at 19,245.46 at 1030 hours, a loss of 7.15 points, or 0.04 percent from Wednesday’s close.

The NSE 50-share Nifty also moved down by 4.10 points, or 0.07 percent, to 5,814.00 at 1030 hours.
Major losers from the Sensex pack were Jindal Steel (2.01 percent), Tata Motors (1.97 percent), Hindalco Ind (1.77 percent), HUL (1.66 percent), Tata Steel (1.37 percent), and Relinace Ind (1.09 percent).

However, Hero Motocorp firmed up by 2.85 percent followed by Wipro 2.02 percent and BHEL 1.60 percent.

Foreign institutional investors (FIIs) bought local shares worth Rs 524.05 crore yesterday, as per provisional data from the stock exchanges.

Asian stocks edged higher in the early trade as data showing an improvement in a private-payrolls growth in the US and a smaller-than-expected drop in factory orders in the US added to optimism for a gradual recovery in the US economy.

Key benchmark indices in Hong Kong, Japan, Taiwan and China rose by 0.01 percent to 0.52 percent, while Singapore and South Korea fell by 0.94 percent to 1.05 percent.

PTI