Mumbai: Amid higher Asian cues, the key benchmark continued to rise ahead of the Economic Survey due on February 26, jumping 102 points following gains mainly in IT and capital goods, but failed to hold on to its earlier momentum.
The Sensex opened higher at 23,141.08 and moved in a range of 23,227.91 and 23,033.31 before quoting at 23,078.34 at 1120 hours, up 102.34 points or 0.45 per cent. The NSE Nifty-50 was also trading up by 37 points or 0.53 per cent to 7,007.65.
Major gainers were, Coal India 2.99 per cent, SBI 1.91 per cent, L&T 1.81 per cent, Axis Bank 1.64 per cent, M&M 1.51 per cent, Tata Motors 1.34 per cent and Infosys 1.10 per cent. However, Hero Moto Corp fell by 2.77 per cent, Bajaj Auto 2.23 per cent, Tata Steel 0.99 per cent and Maruti 0.98 per cent.
Meanwhile, Foreign portfolio investors (FPIs) sold shares worth a net Rs 1465.68 crores yesterday, as per provisional data released by the stock exchanges. In overseas markets, Asian stocks rose on account of two-day gathering of G-20 finance ministers and central bankers in Shanghai that kicked off today to discuss global economic growth concerns.
US stocks closed with solid gains yesterday as a rebound in oil prices boosted the main benchmarks, which had been struggling to hold on to small gains throughout the session.
