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.)
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