Markets pare opening losses, Nifty above 11,800

The BSE Sensex jumped 97.49 points or 0.25 percent to 39,532.43 while the NSE Nifty edged higher by 23.70 points or 0.20 percent to 11,820.15.

Markets pare opening losses, Nifty above 11,800

New Delhi: After opening in the negative zone on Wednesday equity indices pared their losses in early trade with the Nifty trading above 11,800.

The BSE Sensex jumped 97.49 points or 0.25 percent to 39,532.43 while the NSE Nifty edged higher by 23.70 points or 0.20 percent to 11,820.15.

Top gainers in the Sensex pack included PowerGrid, NTPC, Sun Pharma, L&T, ICICI Bank, Axis Bank, Tata Motors, M&M, Vedanta and ONGC, rising up to 2.26 percent. While, Tata Steel, Bajaj Finance, HUL, TCS, HDFC and IndusInd Bank fell up to 0.26 percent.

On a net basis, foreign institutional investors bought equities worth Rs 1,157.87 crore, and domestic institutional investors purchased shares to the tune of Rs 377.22 crore, provisional data showed.

In the previous session Tuesday, the Sensex soared 311.98 points or 0.80 percent to close at 39,434.94 while the Nifty rose 96.80 points or 0.83 percent to 11,796.45.

Tracking overnight losses on Wall Street, Australian stocks dipped 0.15%, South Korea`s KOSPI shed 0.1% and Japan`s Nikkei retreated 0.6%. The Shanghai Composite Index edged down 0.15% and Hong Kong`s Hang Seng lost 0.1%. MSCI`s broadest index of Asia-Pacific shares outside Japan declined 0.2%, a Reuters report said.

With Agency Inputs