Mumbai, India (BBN)– The BSE benchmark Sensex was trading steady in late morning trade on Monday as investors took to optimistic buying ahead of Reliance Industries’ quarterly earnings amid firm Asian cues.
The 30-share index was trading higher by 130.20 points, or 0.44 per cent, to 29,495.50 with sectoral indices such as realty, capital goods, Finance, Industrials, oil & gas, power and bank leading the recovery, gaining by up to 3.35 per cent, BusinessLine reported quoting PTI.
The gauge had lost 57.09 points in the previous session on Friday largely on profit—booking amid mixed global cues.
Top Sensex gainers: HDFC Bank (+2.46%), Adani Ports (+1.86%), L&T (1.87%), HDFC (+1.78%), GAIL (1.75%) and Reliance (+1.04%).
Top Sensex losers: Lupin (-3.13%), Cipla (-1.39%), ICICI Bank (-1.08%), Bharti Airtel (-1.01%) and Wipro (-0.94%).
The NSE Nifty was up 43.60 points or 0.48 per cent, at 9,163.
Widening of positions by investors ahead of quarterly earnings of Reliance Industries, which is scheduled to release its results later in the day, influenced trading sentiments, brokers said.
Shares of heavyweight RIL was quoting 1.05 per cent higher at Rs. 1,414.40, lending major support to the key indices.
Investors cheered news coming in of ‘market—friendly’ Emmanuel Macron leading far—right candidate Marine Le Pen in the French presidential race, which too supported the recovery here, brokers added.