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Sensex rebounds 53 points, Nifty flat

Press Trust of India  |  Mumbai 

Reversing initial losses, benchmark gained 53 points in afternoon trade today following fresh buying in metal, power, realty and telecom sectors.

However, teck, consumer durables, IT, FMCG and healthcare counters showed weakness.

The Mid-Cap index was up 0.23 percent while the Small-Cap index rose 0.11 percent.

The resumed higher at 30,616.53 and hovered between 30,642.94 and 30,519.14. It was quoting at 30,636.17 at 1306 hrs, showing a rise of 53.57 points or 0.18 per cent.

The 50-share was trading flat at 9,512.85, up 0.60 points or 0.01 per cent, at 1306 hrs.

Major gainers were 5.85 per cent, 1.67 per cent, 1.24 per cent and Hero Motocorp 0.93 per cent.

However, fell 1.09 per cent, followed by 0.88 per cent, Adani Ports 0.85 per cent and 0.81 per cent.

Meanwhile, foreign portfolio investors (FPIs) bought worth a net Rs 858.29 crore yesterday, as per provisional data released by the stock exchanges.

Domestic institutional investors (DIIs) sold worth a net Rs 401.89 crore yesterday, as per provisional data.

Overseas, equities in Asia lost ground, with the safe- haven yen climbing amid political and legal turmoil surrounding US President Donald Trump.

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

First Published: Wed, May 17 2017. 13:42 IST