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Sensex Edges Higher, Nifty Hovers Around 9,950

The benchmark BSE Sensex advanced over 100 points in early trade on buying by domestic institutional investors amid mixed Asian cues. But the 30-share index gave up some part of the early gains and was up around 50 points in recent trade. Sectoral indices led by consumer durables, capital goods, metal and healthcare led the gains.

The Nifty had also pared some early gains and was trading around 9950 levels.

Brokers said persistent buying by domestic institutional investors (DIIs) and selective buying by other participants amid a mixed trend at other Asian bourses influenced sentiments here.

DIIs bought shares worth Rs. 245.32 crore but foreign funds remained net sellers, dumping shares worth Rs. 564 crore yesterday, according to provisional figures.

Major gainers that lifted the key indices included L&T, Tata Steel, Coal India, Cipla, HDFC Bank, ITC Ltd, Hind Unilever, HDFC Ltd, Hero MotoCorp, ONGC, Lupin, TCS and Reliance Industries, rising up to 1.28 per cent. Hong Kong’s Hang Seng was up 0.59 per cent in early trade, China Shanghai Composite Index too up 0.38 per cent while Japan’s Nikkei shed 0.38 per cent. The US Dow Jones Industrial Average ended 0.10 per cent lower yesterday.

Source: ndtv

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