grow sensexMumbai: The benchmark Sensex recovered from its initial losses to trade higher by 68 points in late morning trade on renewed buying in auto, consumer durable, FMCG and healthcare sectors.

The benchmark BSE index resumed better at 29,924.06 but declined immediately to low of 28,748.29 before recovering to quote at 28,912.44 at 1100 hours, showing a rise of 67.66 points, or 0.23 per cent, from its previous close.

The CNX 50-share Nifty, also recouped slightly by 3.75 points, or 0.04 per cent, to 8,760.50 at 1100 hours.

Major gainers were Coal India (2.56 pct), Bharti Airtel (2.39 pct), M&M (2.35 pct), BHEL (1.96 pct), Bajaj Auto (1.79 pct), Cipla (1.70 pct) Larsen (1.42 pct), Tata Motors (1.20 pct) and ICICI Bank by (1.13 pct).

While major losers were HDFC by 1.90 pct, Wipro 1.48 pct, GAIL 1.46 pct, HUL 1.24 pct, ONGC 1.15 and TCS 1.14 pct.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 838.30 crore yesterday as per provisional data. While, Domestic institutional investors (DIIs) sold shares worth a net Rs 35.31 crore yesterday, as per provisional data, released by the stock exchanges.

Asian stocks were trading mixed early today, after data showed an acceleration in China’s consumer inflation last February. Key indices in China, Hong Kong, and Taiwan were down 0.11 pct to 0.54 pct. Indices in Indonesia, Japan and Singapore rose 0.22 pct to 0.26 pct.

In overseas, US stocks closed higher yesterday, recovering from last Friday’s sharp decline as investors took a more positive outlook on the strong jobs report.
PTI