Sensex rallies 258 points, Nifty above 10,100 in late morning

TIL Desk/Business/Mumbai/ The benchmark BSE Sensex rose by 258.77 points in late morning on Thursday deals on across the spectrum buying led by utilities, capital goods, auto, power, metal, banks and financials counters.

Domestic funds got into act amid buying spree after the Reserve Bank of India (RBI) kept its policy rate steady on Wednesday as widely expected.

The 30-share index was trading higher by 258.77 points or 0.79 per cent at 32,855.95 at 1115hrs. The broader Nifty was trading above the key 10,100-level, up by 83.25 points or 0.83 per cent at 10,127.35.

Major gainers were NTPC 2.20 per cent, Maruti 2.16 per cent, Tata Steel 2.08 per cent, Bajaj Auto 1.95 per cent and L&T 1.66 per cent.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,217.92 crore on Wednesday. Domestic institutional investors (DIIs) bought equities worth a net Rs 995.11 crore. Most Asian shares declined as US policy uncertainty kept sentiment in check. US stocks ended mixed on Wednesday.

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