Sensex rises 120 pts in early trade

The BSE Sensex rose by 120 points in

early trade today on sustained buying by domestic

institutional investors mainly in healthcare, oil & gas,

realty, PSU banking stocks.

The 30-share index moved higher by 120.62 points, or 0.37

per cent, to 32,307.036. The gauge had gained 524.44 points in

the previous five straight session.

Sectoral indices led by healthcare, oil & gas and realty

rose by up to 1.63 per cent.

The broader Nifty of NSE too was quoting higher by 38.75

points, or 0.38 per cent, at 10,118.05

Brokers said continuous buying by domestic institutional

investors (DIIs) and retail investors following fresh records

on Wall Street on hopes of movement on US tax reform

strengthened the sentiment.

Major gainers were Sun Pharma, Axis Bank Lupin, Dr

Reddy's, Cipla, Reliance Industries, Tata Motors, ICICI Bank,

SBI and Adani Ports rising up to 3.69 per cent.

Meanwhile, DIIs bought shares worth a net Rs 725.90 crore

yesterday, as per provisional data.

Stocks of state-run oil market companies such as BPCL,

HPCL and IOC rose up to 3.47 per cent after oil minister

Dharmendra Pradhan ruled out any intervention to disrupt the

daily revision in petrol and diesel prices.

Globally, Japan's Nikkei moved up 0.04 per cent, while

Shanghai Composite Index shed 0.08 per cent. Hong Kong's Hang

Seng down 0.36 per cent in early trade.

The US Dow Jones Industrial Average ended 0.18 per cent

higher in yesterday.

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