Equities trade in green; metal, oil&gas stocks buoy sentiments

Sensex jumps 154 points in early trade

The 30-share BSE Sensex gained 24.57 points to close on 31,795.46 while the broader 50-share NSE Nifty gained a marginal 6.85 points to finish trading on 9,904.15, thereby managing to close above the psychological mark of 9,900.

Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declining.

Mumbai: The benchmark Sensex pared early gains, quoting up 42.71 points at 31,491.74 in a choppy trade amid sustained capital outflows.

Markets in Europe were lower Thursday as uncertainty surrounding internal US policy continued to weigh on investor sentiment despite lessening tensions from North Korea.

The domestic stock indices reversed early gains and turned volatile in late morning trade on Thursday due to a sudden sell-off in auto and banking stocks. The gauge had gained 557.30 points in the previous two sessions.




Other gainers were Reliance Industries at Rs 1,589.90 per piece up 1.46%, followed by Tata Steel at Rs 635.10 (0.85%), Bharti Airtel at Rs 409.70 per piece (0.75%), Dr Reddy's Laboratories at Rs 2,011.60 per piece (0.64%) and Lupin at Rs 966.15 per piece (0.41%). Shares of two-wheeler market leader, Hero MotoCorp surged 0.28 per cent to Rs 3,717.20 after the company yesterday reported a 3.5 per cent increase in its profit after tax at Rs 914.04 crore for the first quarter ended June. Key benchmark indices oscillated around the flat line today to finally close the day with marginal gains.

The Sensex is trading at 31,513.07 points up by 64.04 points or 0.20 percent. Infosys drove gains in the Nifty IT index, which climbed as much as 1.4 percent in its biggest intraday percentage gain in almost a month.

India's second-biggest software services exporter Infosys received approval from SEBI on share buyback proposal to be considered in meeting to be held on August 19.

India's bonds and forex markets are closed on Thursday for a holiday.

Coal India, one of the worst performing stocks this year, rebounded 4.2% to 247.05 rupees, helped by an attractive dividend yield.

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