TIL Desk/Business/Mumbai/ The BSE Sensex was trading higher by 107 points in late morning deals Tuesday on bouts of bargain hunting and value buying in recently hammered stocks in healthcare, consumer durables, IT, teck, auto, banks, metal and FMCG sectors, amid higher Asian cues.
Rising crude and global trade tensions weighed on market sentiment ahead of the US Federal Reserve’s meeting. Telecom, utilities, realty, oil and gas and power witnessed selling.
The 30-share index was trading at 36,412 at 12:30 pm. The broader Nifty50 index trading nearly reclaimed the 11,000-level, up 25 points.
Major gainers were Yes Bank, Sun Pharma, Axis Bank, Asian Paints and IndusInd Bank, rising up to 3.16 per cent. Losers include PowerGrid, Adani Ports, Bharti Airtel, Tata Steel and Kotak Bank, falling up to 1.86 per cent.
Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 523.94 crore on a net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 1,527.67 crore Monday, provisional data showed.
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