Mumbai, India (BBN)-The benchmark Sensex was trading higher by over 60 points, extending yesterday’s gain on sustained buying by participants amid a firm trend in other Asian markets.
At 11.55am, the 30-share BSE index Sensex was up 63.1points or 0.23 per cent at 27,320.74 and the 50-share NSE index Nifty was up 16.35 point or 0.19 per cent at 8,433.35, reports The Hindu Business Line.
The gauge had gained 21.98 points in the previous session.
Brokers said besides buying by foreign and domestic institutional investors and other participants, a firm trend in other Asian markets supported the uptrend.
Furthermore, expectations of encouraging earnings from few more blue-chip companies influenced the sentiment, they added.
Among BSE sectoral indices, oil & gas index gained the most by 1.4 per cent, consumer durables 1.05 per cent, FMCG 0.63 per cent and PSU 0.39 per cent.
On the other hand, banking index was down 0.4 per cent, metal 0.38 per cent, power 0.29 cent and IT 0.14 per cent.
Top five Sensex gainers were Tata Motors (+1.98 per cent), Bharti Airtel (+1.47 per cent), ONGC (+1.26 per cent), HUL (+1.12 per cent) and ITC (+1.12 per cent), while the major losers were Axis Bank (-1.52 per cent), Wipro (-0.9 per cent), M&M (-0.83 per cent), Asian Paints (-0.5 per cent) and Power Grid (-0.45 per cent).
Asian shares edged lower on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen hinted that interest rates in the United States could rise quickly this year.
MSCI’s broadest index of Asia-Pacific shares outside Japan inched 0.1 per cent lower in early trade.
The S&P 500 ended a choppy session slightly higher on Wednesday, helped by a rise in financials after Federal Reserve Chair Janet Yellen said it “makes sense” to gradually lift interest rates.
The Dow Jones Industrial Average closed down 22.05 points, or 0.11 per cent, to 19,804.72, the S&P 500 gained 4 points, or 0.18 per cent, to 2,271.89 and the Nasdaq Composite added 16.93 points, or 0.31 per cent, to5,555.65.