Sensex recovers 89 points in range-bound trade

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SensexMumbai, Aug 18 (PTI): Broad-based buying led the benchmark BSE Sensex to recover 88.99 points in a volatile range-bound trade today.

Heavy buying was seen in capital goods, oil & gas, consumer durables, banks, auto, power, metals and healthcare sector stocks as well as in mid-cap and small-cap companies.

While, IT, tech and FMCG encountered profit-booking.

The 30-share Sensex opened higher at 26,123.69 and fluctuated between a high 26,181.04 and a low 26,075.28 before quoting at 26,192.22 at 1010 hours.

It showed a gain of 88.99 points, or 0.34 per cent, from its last close.

The NSE 50-share barometer Nifty also rose by 26.25 points, or 0.34 per cent, to 7,817.95 at 1010 hours.

Major gainers were Tata Power (2.98 per cent), Tata Motors (2.27 per cent), BHEL (1.67 per cent), Bharti Airtel 1.48 (per cent), Cipla (1.34 per cent), ONGC (1.32 per cent) and ICICI Bank (1.18 per cent).

Notable losers were ITC (2.03 per cent), Infosys (0.96 per cent), HDFC (0.65 per cent) and TCS (0.65 per cent).

Asian stocks traded lower as healthcare shares gained while banks slid with consumer companies.

Key benchmark indices in South Korea, Taiwan, Singapore and Hong Kong declined 0.31-0.76 per cent while those in China, Japan, and Indonesia rose 0.07-0.38 per cent.

Meanwhile, Foreign Portfolio Investors (FPIs) bought shares worth a net Rs 625.18 crore yesterday, as per provisional data from the stock exchanges.

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