Sensex down 7 points in late morning deals

The BSE benchmark Sensex today trimmed its earlier losses but was still quoting down by seven points in late morning trade due to profit-booking in metal, refinery, auto, banking and FMCG sector stocks despite firm global advices.
The Sensex resumed lower at 19,222.05 and hovered in a range of 19,275.61 and 19,212.92 before quoting at 19,245.46 at 1030 hours, a loss of 7.15 points, or 0.04 per cent from yesterday's close.
The NSE 50-share Nifty also moved down by 4.10 points, or 0.07 per cent, to 5,814.00 at 1030 hours.
Major losers from the Sensex pack were Jindal Steel (2.01 per cent), Tata Motors (1.97 per cent), Hindalco Ind (1.77 per cent), HUL (1.66 per cent), Tata Steel (1.37 per cent), and Relinace Ind (1.09 per cent).

However, Hero Motocorp firmed up by 2.85 per cent followed by Wipro 2.02 per cent and BHEL 1.60 per cent.
Foreign institutional investors (FIIs) bought local shares worth Rs 524.05 crore yesterday, as per provisional data from the stock exchanges.
Asian stocks edged higher in the early trade as data showing an improvement in a private-payrolls growth in the US and a smaller-than-expected drop in factory orders in the US added to optimism for a gradual recovery in the US economy.
Key benchmark indices in Hong Kong, Japan, Taiwan and China rose by 0.01 per cent to 0.52 per cent, while Singapore and South Korea fell by 0.94 per cent to 1.05 per cent.