Mumbai: The benchmark BSE Sensex trimmed early leads, trading up by 60.22 points amid bouts of value- buying in energy, consumer durables, telecom, oil and gas, bank and capital goods sectors.
Earlier the Sensex surged nearly 245 points on hectic value buying in recently hammered shares. Investors focussed on the ongoing Goods and Services Tax Council meet in Guwahati today expecting slash in indirect tax in some sectors.
The 30-share Sensex resumed higher at 33,376.62 and hovered between a high of 33,463.80 and 33.272.09 in morning trade. It was quoting at 33,279.03 at 1100 hrs, showing a gain of 60.22 or 0.18 per cent. The broader NSE Nifty trading at 10,320.65, up by 17.50 points, or 0.17 per cent.
Major gainers were Asian Paints 2.01 per cent, Reliance 2.00 per cent, ICICI Bank 1.59 per cent, HUL 1.54 per cent, NTPC 1.22 per cent and Tata Steel 1.05 per cent.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 3,838.27 crore on Wednesday, as per provisional data released by stock exchanges.
Domestic institutional investors (DIIs) bought shares worth a net Rs 3,038.16 crore. Asian markets mostly trading higher following decent gains on Wall Street.
US stocks ended higher yesterday as investors awaited updates on efforts to pass tax reform in Washington and as President Donald Trump toured Asia.