Sensex moves up 110 pts as Jan F&O series takes off

TIL Desk/Business/Mumbai/ Stocks were off to a positive start in the final trading session of 2017, with the benchmark Sensex gaining 110 points and the NSE Nifty crossing the 10,500-point mark on widespread gains led by banking, FMCG and capital goods shares.

Besides, beginning of January series in the futures and options (F&O) segment accelerated buying by participants, which supported the upside. The 30-share index rose 110.26 points, or 0.32 per cent, to 33,958.29. All the sectoral indices led by power, capital goods, infrastructure and healthcare were up, rising by up to 1.01.

The barometer had lost 162.58 points in the previous two sessions. The broad-based NSE Nifty too was up 30.30 points, or 0.28 per cent, at 10,508.20. Power Grid, Tata Steel, L&T, Adani Ports, Axis Bank, SBI, NTPC, Asian Paint, HDFC Ltd, Hero MotoCorp, ITC Ltd, Sun Pharma, Maruti Suzuki, TCS and Reliance Industries were major gainers, which supported the indices.