Sensex up 118 points in late morning, Nifty above 10,450-level

The benchmark Sensex was trading

higher by 118.78 points in late morning deals on buying in key

frontline stocks led by telecom, oil&gas, banks, financials

and FMCG amid higher Asian cues.

Sentiments were upbeat on firm Asian cues after record

close in US markets.

The 30-share BSE index was trading higher by 118.78

points or 0.35 per cent at 33,931.04 at 1100 hours.

The 50-share Nifty was also trading up by 44.90 points

or 0.43 per cent at 10,487.10.

Major gainers were ICICI Bank 1.97 per cent, Adani

Ports 1.35 per cent, BhartiAirtel 1.23 per cent, Reliance 1.11

per cent and SBIN 0.94 per cent.

TCS, Coal India Mahindra & Mahindra, Yes Bank, L&T,

Hindustan Unilever, ITC and Tata Steel also gained up to 1 per

cent in morning session.

However, Dr Reddy's fell the most by 2.5 per cent, Tata

Motors by 0.98 per cent and ONGC by 0.96 per cent.

Foreign portfolio investors (FPIs) net bought shares

worth Rs 522.74 crore yesterday and domestic institutional

investors (DIIs) also bought equities to the tune of Rs 64.70

crore.

Most Asian markets were trading higher, tracking

positive cues from US market.

US stocks jumped overnight, with major indexes rallying

to record levels in a broad rally.

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