Sensex inches towards 28K; Nifty crosses 8,400-mark

The 50-share Nifty rose by 19.44 points 0.23 percent to 8,401.10.

Mumbai: The benchmark BSE extended its gains and was up by 89 points in late morning trade Wednesday led by sustained buying in healthcare, FMCG, and teck sectors.

The broader markets advanced too with the BSE mid-cap and small-cap indices rising by 0.11 to 0.24 percent.

The 50-share Nifty rose by 19.44 points 0.23 percent to 8,401.10 at 1100 hrs.

Due to volatility, mild selling were seen in auto, banking and capital goods stocks.

The BSE Sensex resumed higher at 27,852.22 and moved in a range of 27,920.60 and 27,784.44 before quoting at 27,893.80 at 1100 hrs, a rise of 89.43 points or 0.32 percent.

Major gainers were, HUL by 2.14 percent, BHEL 1.84 percent, Lupin 1.49 percent, Sun Pharma 1.34 percent, ITC 1.03 percent, Vedanta 1.03 percent and Coal India 0.98 percent.

However, M&M eased by 0.87 percent followed by Tata Steel 0.83 percent, Hindalco 0.78 percent and SBI 0.54 percent.

Meanwhile, Foreign portfolio investors sold shares worth Rs 374.97 crore during yesterday's trading session, as per provisional data.

Overseas, Asian markets edged higher early today, as optimism around Greece's debt talks continues to buoy sentiment.

Key indices in China, Japan, Hong Kong, Singapore, South Korea and Indonesia were up 0.03 to 0.91 percent. Taiwan index was down 0.08 percent.

In New York market, US stocks ended with slight gains yesterday.

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