BSE Sensex continues to rule firm in morning trade; up 61 pts

Written by PTI | Mumbai | Updated: Feb 26 2014, 17:13pm hrs
BSE SensexThe 30-share BSE Sensex had gained nearly 316 points in the past three sessions.
Persistent foreign capital inflows pushed up the BSE Sensex to rule firm for the fourth consecutive day as the index gained 61 points to 20,913.27 in morning trade despite mixed Asian cues.

Shares of consumer durables and capital goods were the major gainers.

The Sensex resumed higher at 20,869.61 and firmed up further to a high of 20,939.27 before quoting at 20,913.27 at 1030 hours, showing a gain of 60.80 points or 0.29 per cent from its last close.

The NSE Nifty also moved up 14.45 points or 0.23 per cent to 6,214.50 at 1030 hours. Major gainers were * GAIL 1.43 pct, Wipro 1.32 pct, Sun Pharmaceuticals Industries 1.07 pct, ITC 0.96 pct, SBI 0.92 pct, * Mahindra & Mahindra 0.90 pct and * Bharat Heavy Electricals 0.82 pct.

Volatility may remain high today as traders roll over positions in the futures and options (F&O) segment from the near-month February 2014 series to March 2014 series. The near month February 2014 F&O contracts expire today.

Foreign institutional investors (FIIs) bought shares worth a net Rs 423.41 crore yesterday as per provisional data from the stock exchanges.

The stock market will remain closed tomorrow, 27 February 2014, on account of Mahashivratri.

Asian stocks were trading between gains and losses as energy shares advanced, countering declines by raw-material producers. Key benchmark indices in China, Hong Kong, South Korea and Taiwan rose by 0.14 pct to 0.47 pct and indices in Singapore and Japan fell by 0.34 pct to 0.58 pct.