A spell of renewed buying brought
the Sensex back in the positive zone after early losses today
as participants started covering their short bets on the last
day of September derivatives contracts.
Realty, metal, healthcare and FMCG counters buzzed during
the day. Investors went in for value-buying in recent losers,
shrugging off lower Asian cues and a slew of negatives.
The Sensex traded at 31,230.55 at 1145 hours, up 70.74
points, or 0.23 per cent.
The broader Nifty was also higher by 11.25 points, or
0.12 per cent, at 9,747 at 1145 hours.
Dr Reddy's went up 3.58 per cent, ITC 1.28 per cent, Coal
India 1.25 per cent and Sun Pharma 1.04 per cent.
Foreign portfolio investors (FPIs) sold off shares worth
Rs 856.28 crore yesterday, showed provisional data from
the stock exchanges. Domestic institutional investors (DIIs)
bought shares worth a net Rs 1,858.29 crore.
Most Asian markets declined after US equities rebounded
after President Donald Trump unveiled his tax overhaul plan.
Japan's lower house was dissolved today ahead of an expected
snap poll on October 22.
Yesterday, Dow Jones Industrial Average ended a four-day
losing streak as Trump and congressional Republicans pushed
sweeping tax reforms.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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