Sensex gains 93 points in early trade; RIL, ITC gain

TIL Desk/Business/Mumbai/ The benchmark BSE Sensex rebounded by over 93 points in early trade on gains in bluechips such as RIL, L&T and ITC amid a rising trend in Asia.

The 30-share index was trading higher by 93.02 points, or 0.28 %, at 32,495.39. Sectoral indices led by capital goods, power,consumer durables, realty, metal, healthcare and oil & gas were trading in the positive terrain by gaining up to 0.95 %.

The gauge had shed 21.39 points in the previous session. The broader NSE Nifty rose by 23.50 points, or 0.23 %, to trade at 10,171.05. According to traders, buying activity picked up, mirroring positive cues from the rest of Asia after another record on the Wall Street on Tuesday.

Reliance Industries, L&T, Tata Steel, Adani Ports, M&M, ITC Ltd, SBI, HDFC Bank, Sun Pharma, Dr Reddy’s and ONGC gained up to 2.26 %. However, shares of telecom companies such as Bharti Airtel, Idea Cellular and Tata Teleservices fell up to 3.31 % after Trai reduced mobile interconnection charges by more than half to 6 paise a minute.

Mobile companies currently charge 14 paise a minute for allowing a domestic call from a rival operator to terminate on their network. There would be no such charge from January 1, 2020, TRAI said.