Sensex surrenders initial gains, still up 35 points

The benchmark S&P BSE Sensex erased initial gains but was still quoted higher by 35 points in the morning trade on sustained buying by operators, mainly in capital goods, health care, metal, realty and IT sector stocks, amid good foreign fund inflows.
The Sensex resumed higher at 21,280.36 and hardened further to 21,333.20 before quoting at 21,245.08 at 1030 hours, showing a gain of 35.35, or 0.17 per cent, from its last close.
The NSE 50-share Nifty also moved up by 10.60 points, or 0.17 per cent, to 6,308.55 at 1030 hours.
The market sentiment was also boosted by data showing that foreign funds were net buyers of Indian stocks yesterday.

Foreign institutional investors (FIIs) bought shares worth a net Rs 185.61 crore on Tuesday, as per provisional data from the stock exchanges.
Major gainers were Tata Steel (1.86 pct), Dr Reddy's Lab (1.69 pct), Coal India (1.31 pct), ONGC (1.20 pct) and Sun Pharma (0.91 pct).

Asian stocks rose in early trade after the threat of war in Ukraine receded.
Key benchmark indices in Singapore, Japan, Hong Kong, Taiwan and South Korea were up between 0.19 per cent and 1.5 per cent.
While China's Shanghai Composite fell by 0.2 per cent. Chinese equities retreated as the country kept its growth target unchanged.