Sensex trading flat, HUL, Tata Steel top gainers

Sensex trading flat, HUL, Tata Steel top gainers. At 10.15 a.m., the 30-share BSE index Sensex was down 14.41 points or 0.04 percent at 33,928.86 and the 50-share NSE index Nifty was down 0.9 points or 0.01 percent at 10,491.65.

Among BSE sectoral indices, metal index gained the most by 1.31 percent, followed by realty 0.74 percent, FMCG 0.37 percent and oil & gas 0.09 percent. On the other hand, auto index fell 0.26 per cent, banking 0.24 per cent, healthcare 0.24 per cent and IT 0.11 per cent.

Top five Sensex gainers were HUL (+1.64%), Tata Steel (+0.86%), Dr Reddy’s (+0.44%), ITC (+0.4%) and HDFC Bank (+0.38%), while the major losers were Sun Pharma (-1.24%), Axis Bank (-0.82%), Hero MotoCorp (-0.82%), YES Bank (-0.81%) and Wipro (-0.65%).

The 50-share Nifty climbed to 10,515.90, up 25.15 points, or 0.23 percent in early trade. The 30-share BSE index made a modest gain of 63.24 points or 0.18 percent to 33,975.05. It had lost 98.80 points in the previous session. All sectoral gauges led by metal and healthcare rose up to 1.07 percent.

Fresh buying by investors in blue-chip stocks amid foreign capital inflows kept the momentum going. Leads from Wall Street were positive, but Asian shares were little changed after an oil rally.

The Reserve Bank of India is expected to go in for a policy rate cut of 25 bps in April next year to signal lower lending rates, which are key to the economic recovery, stated a global brokerage report

Asian shares rose to a one-month high on Thursday and were on track for their best annual performance since 2009, while commodity-driven currencies were buoyed by a rally in copper, which hit a four-year peak.

The Dow Jones Industrial Average rose 28.09 points or 0.11 percent to 24,774.3, the S&P 500 gained 2.12 points or 0.08 percent to 2,682.62 and the Nasdaq Composite added 3.09 points or 0.04 percent to 6,939.34.

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