Business

Sensex higher by 109 points, Nifty below 10,850

Sensex higher by 109 points, Nifty below 10,850

TIL Desk/Business/Mumbai/ The benchmark Sensex was trading higher by 109 points in afternoon deals on buying in banks, financials, realty, energy, industrials, capital goods and metal stocks amid higher Asian cues.

Sustained foreign funds inflows, good quarterly results and optimism ahead of results by index heavyweight Reliance Industries later in the day also lifted the momentum.

The benchmark BSE Sensex gained 108.96 points or 0.31 per cent to trade at 35,369.25 at 1200 hrs. The broader Nifty fell below the 10,850 level to trade higher by 19.20 points or 0.18 per cent at 10,836.20.

Major gainers were AdaniPorts 3.46 per cent, HDFC Bank 1.20 per cent, SBIN 1.19 per cent, Dr Reddy 0.97 per cent and YesBank 0.93 per cent. Losers include Heromotoco 1.03 per cent, Infy 0.78 per cent and Wipro 0.63 per cent.

Foreign portfolio investors (FPIs) bought shares worth Rs 1,894.99 crore on net basis while domestic institutional investors (DIIs) sold equities to the tune of Rs 657.46 crore yesterday, provisional data showed.

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