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Sensex trims initial losses, up 32 pts in late morning trade

Press Trust of India  |  Mumbai 

The benchmark recovered form early losses, trading higher by 32 points in late morning deals, while the hovered around 8,100-level.

IT, Banking, Finance and Metals stocks were under pressure, while telecom, & gas, power, realty, energy, auto, FMCG and utilities sectors rose amid higher Asian cues.

The mid-cap index and small-cap index was currently up 0.80 and 0.92 per cent, respectively. Both these indices outperformed the

The 30-share resumed lower at 26,303.52 and hovered in a range of 26,368.50 and 26,183.33 before quoting 26,348.67 at 1100 hours, showing a rise of 32.33 points or 0.12 per cent from its last close.

The 50-share was also trading up by 14.25 points or 0.18 per cent to 8,128.55 at 1100 hours.

Major gainers were, 3.14 per cent, PowerGrid 2.87 per cent, 1.81 per cent, HeroMoto 1.76 per cent and 0.98 per cent.

However, Bank fell by 1.79 per cent, SBIN 1.55 per cent, 1.10 per cent, TCS 1.04 per cent and 1.03 per cent.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 372.88 crores last Friday, as per provisional data released by the stock exchanges.

In overseas markets, most Asian stocks were trading higher after prices slid on unease about this week's meeting of Organisation of the Petroleum Exporting Countries (OPEC) members to discuss possible output cuts.

US stocks ended a holiday-shortened session with gains last Friday, with major indexes extending their string of record closes and chalking up their third straight weekly advance.

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

First Published: Mon, November 28 2016. 11:42 IST