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Sensex struggles to keep early momentum, IT a drag

Press Trust of India  |  Mumbai 

The benchmark cut down its early gains today and the moved in a range after healthcare and IT counters came under selling pressure.

The resumed higher at 31,160.47 and firmed up to a high of 31,182.73 in view of higher global cues. However, it read 31,103.30 at 1213 hours, a gain of 27.57 points, or 0.09 per cent.

The 50-share moved up marginally by 6.40 points, or 0.07 per cent, to 9,584.45 at 1213 hours.

The big gainers were 1.66 per cent, along with Tata Motors, M&M, GAIL and Coal

However, fell by 3.75 per cent. Dr Reddy's Lab, Wipro, and Sun Pharma too retreated.

Overseas, most Asian stocks were trading higher. US stocks fell for the fourth time in five days as selling in technology resumed.

Meanwhile, foreign funds sold net Rs 645.35 crore yesterday, as per the provisional figures.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 16 2017. 12:42 IST