Sensex trims initial gains, up 126 pts in late morning trade
The BSE Sensex trimmed its initial
gains but was trading up 126 points in late morning trade
following sustained buying mainly in capital goods, oil&gas,
energy and industrial sectors amid positive cues from Asian
The S&P BSE mid-cap index and the S&P BSE small-cap index
were trading up 0.75 per cent and 0.72 per cent, respectively.
Both these indices outperformed the Sensex.
The Sensex resumed higher at 31,798.31 and moved in a
range of 31,874.13 to 31,797.89 before quoting at 31,814.30
at 1100 hours, up 126.78 points, or 0.40 per cent.
The NSE 50-share Nifty was also trading higher by 40.60
points, or 0.41 per cent, to 9,975.40 at 1100 hours.
Major gainers were L&T (2.52 per cent), Tata Motors DVR
(1.65 per cent), Hind Unilever (1.57 per cent), Maruti (1.28
per cent), HDFC Bank (1.12 per cent) and Coal India (0.98 per
Foreign portfolio investors (FPIs) sold shares worth Rs
256.42 crore last Friday, as per provisional data released by
the stock exchanges.
Domestic institutional investors (DIIs) bought shares
worth Rs 487.97 crore, as per the provisional data.
Overseas, Asian shares edged higher after North Korean
dictator Kim Jong Un decided to hold a party over the weekend
rather than launching another missile.
Investors, however, remained cautious over the possible
economic impact of hurricane Irma in the US as it chewed its
way up the Florida coast, knocking out electricity of 3
million homes and businesses statewide.
Meanwhile, the rupee was still down by 7 paise to 63.85
against the US currency in late morning trade following
sustained dollar demand from banks and importers.
The rupee resumed sharply lower by 13 paise at 63.91 per
dollar as against last closing level of 63.78 at the interbank
The domestic currency hovered in a range of 63.84 to
63.91 before quoting at 63.85 per dollar at 1130 hrs.