Sensex recovers after an initial fall, up 14 pts

In a volatile trade late this morning, the benchmark BSE Sensex recovered from early losses to trade at 25,832.83, up 14 points, helped by renewed buying sentiment.
Market recovered after an initial fall following buying in realty, oil & gas, metal, FMCG and power sectors, while selling were seen in teck, telecom, IT, auto and capital goods stocks. Equities continued to consolidate ahead of expiry of November futures and options contracts due on Thursday.
The 30-share Sensex resumed higher at 25,785.61 and hovered in a range of 25,898.23 and 25,703.86 before quoting at 25,832.83, at 1045 hours, showing a marginal rise of 13.49 points, or 0.05 per cent, from its last close.

The NSE 50-share Nifty were also trading up at 0.80 points, or 0.01 points, to 7,850.05 at 1045 hours.
Major gainers were, ONGC 2.16 pct, HDFC 1.52 pct, HUL by 1.48 pct, Coal India 0.57 pct and Axis Bank by 0.51 pct.
However, Maruti fell by 1.08 pct, Infosys by 0.95 pct, SunPharma by 0.83 pct, Larsen by 0.81 and GAIL by 0.68 pct.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 35.37 crore yesterday, as per provisional data released by the stock exchanges.
In overseas markets, Asian markets were trading lower dragged down by metal shares following a rout in industrial metals. US markets closed lower yesterday, as investors appeared content to consolidate after big gains last week.