Nifty touches new highs, Sensex up 210 pts in morning trade

The BSE Sensex advanced by 210

points while the NSE Nifty scaled fresh record high levels in

morning session on persistent buying mainly in capital goods,

telecom, auto and power stocks.

Higher global advices also boosted the market sentiment.

The Sensex resumed higher at 32,361.37 and moved in a

range of 32,508.06 to 32,361.25 before quoting at 32,482.76,

up by 210.15, or 0.65 per cent.

The NSE 50-share Nifty that scaled all time high level of

10,170 in morning trade, was up by 81.70 points or 0.81 per

cent at 10,167.10.

Major gainers were Bajaj Auto 3.44 per cent, Tata

Motors DVR 2.86 per cent, L&T 2.31 per cent, Tata Motors 1.89

per cent and Hero Motoco 1.34 per cent.

Foreign portfolio investors (FPIs) bought shares worth

Rs 418.86 crore last Friday, as per provisional data released

by the stock exchanges.

In overseas, Asian stocks edged up as investors

anticipated clues on the direction of monetary policy from

central banks later in the week. The US Federal Reserve's

interest rate decision is scheduled on Wednesday. Japan

markets are closed for a public holiday.

The US stocks rose to record levels on last Friday,

posting sharp weekly gains, with a big assist from rallying

telecommunication and bank shares as Wall Street shook off

North Korea's latest missile launch.

-- Rupee trims early gains, trades at 64.05 vs dollar --

The rupee trimmed its initial gains against the American

currency and was quoted at 64.05 per dollar in afternoon trade

on mild selling of dollars by banks and exporters on hopes of

foreign capital inflows in view of firm equities.

However, firm dollar in the overseas market restricted

rupee's gains.

The dollar held firm near a seven-week high versus the

yen today, supported by recent rises in US yields, while

sterling took a breather after surging last week on growing

expectations that the Bank of England could raise interest

rates soon.

The rupee resumed higher at 64.05 per dollar as against

the last weekend's level of 64.08 per dollar at the Interbank

Foreign Exchange (Forex) Market.

It hovered in a range of 63.9950 per dollar and 64.0650

per dollar before quoting at 64.05 at 1300 hrs.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)