Sensex surrenders early gains, still up by 18 pts
Refinery and metal stocks face some selling pressure.
Asian shares rose in the early trade after US industrial production beat estimates and Spain retained its investment- grade credit rating from Moody's Investors Service, marketmen said.
The BSE 30-stock index, Sensex, resumed higher at 18,667.72 and moved up further to 18,705.19. It declined afterwards to a low of 18,592.15 before quoting at 18,600.42 at 1030 hrs, up 22.72 points of 0.12 per cent from its last close.
The NSE 50-share Nifty also moved up by 3.95 points or 0.07 per cent to 5,651.95.
Major gainers were Tata Power (1.33 pc), Maruti Suzuki (1.27 pc), Tata Motors (1.07 pc), Bajaj Auto (0.92 pc) and Wipro (0.84 pc).
In other Asian markets, key indices in China, Hong Kong, Japan, Singapore, South Korea and Taiwan rose by up to 1.33 pct.