Sensex reclaims 33000-mark amid retail buying

Sensex reclaims 33000-mark amid retail buying

Mumbai: Benchmark Sensex surged 246 points in late morning trade on widespread buying in metal, telecom, auto, realty and financial sectors amid firm Asian cues.

On Thursday, the Sensex had rallied 352 poins to close at 32,949.21 while the Nifty finished at 10,166.70.

The National Stock Exchange's Nifty too was trading higher 57.40 points or 0.56 per cent at 10,179.20.

On Wednesday, the key indices were dragged lower by interest-rate sensitive stocks like banking, metals and capital goods. The Sensex and the Nifty had fallen in six of the previous seven sessions.

Other losers included Tata Steel, NTPC, Dr Reddy's, ONGC, Power Grid, Bajaj Auto, L&T, M&M, Asian Paints, HDFC Bank, HUL, Lupin, Coal India, ITC, Tata Motors, Axis Bank, Maruti Suzuki and Infosys, falling by up to 1.71 per cent.

Meanwhile, foreign portfolio investors offloaded shares worth net Rs 333.59 crore, while domestic institutional investors (DIIs) bought shares to the tune of Rs 776.18 crore on Tuesday, as per provisional data.

The NSE Nifty too rose 60.65 points, or 0.59%, at 10,227.35 in early trade Friday.

Asian markets were trading higher following a broad-based rally in United States equities.

Bucking the trend, SBI topped the gainers list by rising 1.92%, while Bharti Airtel gained 1.18%. China's Shanghai Composite Index was quoting in green, up by 0.15 per cent.

Japan's Nikkei index is now up over 1 percent while gains remained modest elsewhere across Asia ahead of key data due from China and the United States.

The US Dow Jones Industrial Average ended 0.29 per cent higher in yesterday's trade.

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