Sensex maintains early gains, mid-cap outperforms
The BSE Sensex maintained its early gains amid volatility in late morning trade backed by realty, basic materials, metals, oils & gas and FMCG sectors amidst positive leads from Asian markets. The mid-cap index and the small-cap indices were up 0.72 per cent and 0.80 per cent, respectively. Both these indices outperformed the Sensex, which gained 0.57 per cent or 181 points in morning trade. The Sensex resumed higher at 32,029.15 and moved in a range of 32,065.22 and 31,950.24 before quoting at 32,063.17 at 1120 hours, up by 181 points, or 0.57 per cent. The NSE 50-share Nifty also trading higher by 49.10 points, or 0.49 per cent, to 10,055.15. Major gainers were Tata Steel 3.43 pct, Hindunilever 1.60 pct, SBIN 1.46 pct, TataMtrDvr 1.19 pct, AsianPaints 1.05 pct, ITC 0.99 pct, Sunpharma 0.97 pct and Axis Bank 0.97 pct. Foreign portfolio investors (FPIs) sold shares worth a net Rs 392.52 crore yesterday, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 877.37 crore, as per provisional data. Overseas, Asian stocks extended gains, mirroring strength in the US equities overnight as concerns faded over the potential damage of Hurricane Irma and North Korea.