Sensex rises over 100 Points, ITC leads gains

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The benchmark Sensex got off to a steady start today by rising over 100 points while the Nifty recovered the 9,650 mark. The 30-share index advanced about 130 points, or 0.40%, to 31,377.66 in late morning deals. FMCG, banking and auto shares were among the prominent gainers in the market. The FMCG sub-index of NSE was up 0.79% led by gains in ITC, which was up 1.7%. ITC was likewise the top gainer in Nifty, which was up 0.25% or 24 points as of at 10:26 am.

The Sensex had gained 35.77 points in a range-bound trade yesterday.

As per traders, sustained purchasing by domestic financial institutions gave investors the confidence.

Reliance Industries, Lupin, Asian Paints, Tata Motors and Hero MotoCorp likewise found themselves on the gainers list.

Hong Kong’s Hang Seng was up 0.21% and Shanghai Composite 0.04% in early trade today. Japan’s Nikkei, however, lost 0.27%.

The US Dow Jones Industrial Average, however, finished 0.01% bring lower yesterday.

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