Sensex gains 93 pts in early trade; RIL, ITC gain

The benchmark BSE Sensex rebounded

by over 93 points in early trade today on gains in bluechips

such as RIL, L&T and ITC amid a rising trend in Asia.

The 30-share index was trading higher by 93.02 points,

or 0.28 per cent, at 32,495.39. Sectoral indices led by

capital goods, power,consumer durables, realty, metal,

healthcare and oil & gas were trading in the positive terrain

by gaining up to 0.95 per cent.

The gauge had shed 21.39 points in the previous session.

The broader NSE Nifty rose by 23.50 points, or 0.23 per

cent, to trade at 10,171.05.

According to traders, buying activity picked up,

mirroring positive cues from the rest of Asia after another

record on the Wall Street yesterday.

Reliance Industries, L&T, Tata Steel, Adani Ports, M&M,

ITC Ltd, SBI, HDFC Bank, Sun Pharma, Dr Reddy's and ONGC

gained up to 2.26 per cent.

However, shares of telecom companies such as Bharti

Airtel, Idea Cellular and Tata Teleservices fell up to 3.31

per cent after Trai reduced mobile interconnection charges by

more than half to 6 paise a minute.

Mobile companies currently charge 14 paise a minute for

allowing a domestic call from a rival operator to terminate on

their network. There would be no such charge from January 1,

2020, Trai said.

Japan's Nikkei was up 0.18 per cent while Hong Kong's

Hang Seng rose 0.24 per cent in early trade today. China's

Shanghai Composite was too up by 0.22 per cent.

The US Dow Jones Industrial Average ended 0.18 per cent

higher yesterday.

 

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