The Hindu Business Line : Sensex up 73 points; sectoral indices drive trend

MUMBAI: Defying subdued trend in its Asian counterpart, the domestic stock market regained the 17,000-level in morning trade on Tuesday after consolidation in the last three days as the market leader Reliance Industries led a smart rally.

At 11.20 a.m., the Sensex was trading higher by 73.2 points at 17,056.35.

The Nifty was up by 26.5 points at 5,093.20.

RIL was trading up 1.51 per cent at Rs 1,071.60.

Among the volume toppers were RIL, Tata Steel, SBI, ICICI Bank, and DLF.

Major Sensex gainers during the session were RIL, L&T, Tata Steel, ICICI Bank, Bharti Airtel, Sterlite Industries, and Hindalco Industries.

Major losers were Reliance Communications, Infosys, and SBI.

Advances outnumbered declines during the session. Of the total 2,484 scrips traded, 1,546 advanced, 858 declined with 80 unchanged.

Among the sectoral indices, Metals, Oil & Gas, Realty, PSU, Power, FMCG, Bankex, and Auto were ruling in the positive terrain. Only IT index buck the trend.

The Bombay Stock Exchange benchmark Sensex, which opened 29.85 points higher on Tuesday at 17,012.99, on fresh buying by funds and retail investors in heavy-weight stocks led by Reliance Industries, continues to maintain its upward momentum despite weak Asian markets hit by Fed Chairman comments on uncertainty over global recovery.

Brokers said buying by foreign funds as well as retail investors in select heavy-weight stocks helped Sensex trade in the positive zone.

The Sensex closed on Monday down by 118.40 points at 16,983.14.

The Nifty closed at 5,066.70. — Our Bureau

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