Sensex trims initial gains, up 126 pts in late morning trade

TIL Desk/Business/Mumbai/ The BSE Sensex trimmed its initial gains but was trading up 126 points in late morning trade following sustained buying mainly in capital goods, oil&gas, energy and industrial sectors amid positive cues from Asian stocks.

The S&P BSE mid-cap index and the S&P BSE small-cap index were trading up 0.75 per cent and 0.72 per cent, respectively. Both these indices outperformed the Sensex. The Sensex resumed higher at 31,798.31 and moved in a range of 31,874.13 to 31,797.89 before quoting at 31,814.30 at 1100 hours, up 126.78 points, or 0.40 per cent.

The NSE 50-share Nifty was also trading higher by 40.60 points, or 0.41 per cent, to 9,975.40 at 1100 hours. Major gainers were L&T (2.52 per cent), Tata Motors DVR (1.65 per cent), Hind Unilever (1.57 per cent), Maruti (1.28 per cent), HDFC Bank (1.12 per cent) and Coal India (0.98 per cent). Foreign portfolio investors (FPIs) sold shares worth Rs 256.42 crore last Friday, as per provisional data released by the stock exchanges.