Sensex trim gains, trading up by 60 points late morning

The benchmark BSE Sensex trimmed

early leads, trading up by 60.22 points amid bouts of value-

buying in energy, consumer durables, telecom, oil & gas, bank

and capital goods sectors.

Earlier the Sensex surged nearly 245 points on hectic

value buying in recently hammered shares.

Investors focussed on the ongoing Goods and Services Tax

Council meet in Guwahati today expecting slash in indirect tax

in some sectors.

The 30-share Sensex resumed higher at 33,376.62 and

hovered between a high of 33,463.80 and 33.272.09 in morning

trade. It was quoting at 33,279.03 at 1100 hrs, showing a gain

of 60.22 or 0.18 per cent.

The broader NSE Nifty trading at 10,320.65, up by 17.50

points, or 0.17 per cent.

Major gainers were Asian Paints 2.01 pct, Reliance

2.00 pct, ICICI Bank 1.59 pct, HUL 1.54 pct, NTPC 1.22 pct

and Tata Steel 1.05 pct.

Foreign portfolio investors (FPIs) sold shares worth

a net Rs 3,838.27 crore yesterday, as per provisional data

released by stock exchanges. Domestic institutional investors

(DIIs) bought shares worth a net Rs 3,038.16 crore.

Asian markets mostly trading higher following decent

gains on Wall Street. US stocks ended higher yesterday as

investors awaited updates on efforts to pass tax reform in

Washington and as President Donald Trump toured Asia.

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