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Sensex trims initial gains, up 126 pts in late morning trade

Press Trust of India  |  Mumbai 

The trimmed its initial gains but was trading up 126 points in late morning trade following sustained buying mainly in capital goods, oil&gas, energy and industrial sectors amid positive cues from Asian stocks.

The S&P mid-cap index and the S&P small-cap index were trading up 0.75 per cent and 0.72 per cent, respectively. Both these indices outperformed the

The resumed higher at 31,798.31 and moved in a range of 31,874.13 to 31,797.89 before quoting at 31,814.30 at 1100 hours, up 126.78 points, or 0.40 per cent.

The 50-share was also trading higher by 40.60 points, or 0.41 per cent, to 9,975.40 at 1100 hours.

Major gainers were (2.52 per cent), DVR (1.65 per cent), Hind Unilever (1.57 per cent), Maruti (1.28 per cent), (1.12 per cent) and Coal (0.98 per cent).

Foreign portfolio investors (FPIs) sold worth Rs 256.42 crore last Friday, as per provisional data released by the stock exchanges.

Domestic institutional investors (DIIs) bought worth Rs 487.97 crore, as per the provisional data.

Overseas, Asian edged higher after North Korean dictator Kim Jong Un decided to hold a party over the weekend rather than launching another missile.

Investors, however, remained cautious over the possible economic impact of hurricane Irma in the US as it chewed its way up the Florida coast, knocking out electricity of 3 million homes and businesses statewide.

Meanwhile, the rupee was still down by 7 paise to 63.85 against the US currency in late morning trade following sustained dollar demand from banks and importers.

The rupee resumed sharply lower by 13 paise at 63.91 per dollar as against last closing level of 63.78 at the

The domestic currency hovered in a range of 63.84 to 63.91 before quoting at 63.85 per dollar at 1130 hrs.

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

First Published: Mon, September 11 2017. 11:48 IST