The BSE benchmark Sensex trimmed its initial rally on Friday amid bouts selling in heavy weight counters like oil and gas, FMCG, realty, banking and PSUs, but was still trading higher by 88 points.

However, the market surged over buying mainly in IT, tech and consumer durable sectors on the back of announcement of bullish Infosys Q3 earnings.

The BSE 30-share index, Sensex, resumed strong at 19,813.64 and hovered between 19,839.80 and 19,727.12 points late morning deals.

It quoted 19,752.54 at 1030 hrs, up by 88.99 points 0.45 per cent from its previous close.

The NSE 50-stock index Nifty was also up by 14.35 point or 0.24 per cent and quoted 5,983.00 at 1030 hrs.

Major gainers were - Infosys (13.30 per cent), TCS (3.29 per cent), Wipro (2.96 per cent), Sterlite (2.03 per cent) and Maruti Suzuki (0.86 per cent).

Major losers were - HUL (2.01 per cent), ITC (1.74 per cent), ONGC (1.67 per cent), Tata Power (1.43 per cent) and L&T (1.12 per cent).

Foreign Institutional Investors (FIIs) bought shares worth Rs. 249.50 crore yesterday, as per provisional data from the stock exchanges.

Meanwhile, Asian stocks were trading lower in early trade, with key indices in China, Hong Kong, Japan, Singapore and South Korea slipping by 0.02-0.77 per cent on Chinese inflationary concerns.

Keywords: sensexBSEopening trade

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