Millennium Post

Sensex trades in range, up 9 points in late morning deals

Mumbai: The BSE Sensex pared its initial gains to trade range-bound in late morning deals today, up 9.24 points amid buying in frontline shares of energy, telecom and technology sectors on the back of higher Asian cues.
Surging crude oil and weak rupee affected the trading momentum.
Profit-booking was witnessed in power, utilities, realty, metal and FMCG counters.
The 30-share index was trading higher at 35,328.59, showing a marginal gain of 9.24 points, or 0.03 per cent at 1150 hrs.
However, the broader Nifty-50 index was trading marginally down by 4.20 points, or 0.04 per cent at 10,737.50.
Major gainers were ONGC 2.10 per cent, Bharti Airtel 1.76 per cent, Coal India 1.62 per cent, Tata Motors DVR 1.80 per cent and M&M 0.74 per cent.
Losers included Power Grid 2.83 per cent, Dr Reddy's 1.95 per cent, Tata Steel 1.43 per cent and NTPC 1.03 per cent.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 704.03 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 664.92 crore yesterday, provisional data showed.
Asian shares were up, tracking Wall Street's advance as oil prices traded higher after touching multi-year highs overnight.
In US, the broader stock market rallied as sharp gains in energy, financials and technology stocks propelled the main benchmarks higher.
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