Sensex pares gains to trade flat

The benchmark BSE Sensex pared

gains to trade almost flat in late morning deals, amid buying

in capital goods, industrials, and metal sectors.

The 30-share Sensex opened higher at 31,694.15 and traded

between 31,763.70 and 31,642.79 in morning trade.

The Sensex was higher by 25.37 points or 0.08 per cent at

31,688.11 at 1140 hrs.

The 50-share Nifty trading at 9,943.20, higher by 13.30

points or 0.13 per cent.

Major gainers were L&T (4.39 per cent), Tata Steel (1.14

per cent), Kotak Bank (0.77 per cent), Maruti (0.58 per cent)

and HDFC Bank (0.53 per cent.)

Foreign portfolio investors (FPIs) sold shares worth Rs

564 crore on net basis yesterday, showed provisional data.

Domestic institutional investors (DIIs) bought shares worth Rs

245.32 crore.

Asian stocks were trading on a mixed note as investors

braced for damage that Hurricane Irma may inflict on Florida.

China reported August exports were up 5.5 per cent from a year

ago in dollar terms, while imports were up 13.3 per cent in

dollar terms.

-- Rupee pares early gains, still up 16 paise vs USD --

The rupee pared some its initial gains to trade at 63.89

per dollar, up by 16 paise, in late morning deals on sustained

bouts of dollar selling from banks and exporters amid weak

dollar overseas.

The rupee resumed sharply higher at 63.85 per dollar at

the interbank foreign exchange (Forex) against yesterday's

closing level of Rs 64.05 per dollar.

The domestic unit hovered between 63.83 and 63.91 during

morning deals.

A weak dollar overseas boosted the rupee sentiment, a

dealer said

Globally, the US dollar was lower against a basket of six

currencies in early Asian trade, and the euro hovered below a

2-1/2-year high vs dollar.

Meanwhile, the benchmark BSE Sensex was marginally higher

by 8.69 points or 0.03 per cent at 31,671.43 at 1050 hrs.

 

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