NEW DELHI: Sensex erased some gains but was still trading higher at midsession on Monday. Shares of oil & gas, technology, metal and FMCG led the rally and helped the markets to stay on the higher side.
At 1.20 pm, the Sensex was trading 117 points up to be at at 17,182 and the Nifty was up 29 points at 5,148. However, scrips of auto and realty companies' slipped. Selling pressure was witnessed by Bharti Airtel, NTPC, BHEL, SBI, Idea and Suzlon Energy due to which markets came off their day's high.
In the morning session, Sensex opened over 172 points up on buying in heavyweight stocks, led by Reliance Industries.
The Sensex, which gained 142.87 points in the previous trading session, added another 172.71 points to touch 17,237.66 in the first five minutes of trading.
The broad-based National Stock Exchange Nifty gained 45.55 points to 5,164.90 at the same time.
The rally was led by Reliance Industries on reports that the company now plans to invest in the power sector after it acquired a broadband wireless access company last week.
The good start in the market was amplified by an upsurge in the Asian stock market.
TOI
At 1.20 pm, the Sensex was trading 117 points up to be at at 17,182 and the Nifty was up 29 points at 5,148. However, scrips of auto and realty companies' slipped. Selling pressure was witnessed by Bharti Airtel, NTPC, BHEL, SBI, Idea and Suzlon Energy due to which markets came off their day's high.
In the morning session, Sensex opened over 172 points up on buying in heavyweight stocks, led by Reliance Industries.
The Sensex, which gained 142.87 points in the previous trading session, added another 172.71 points to touch 17,237.66 in the first five minutes of trading.
The broad-based National Stock Exchange Nifty gained 45.55 points to 5,164.90 at the same time.
The rally was led by Reliance Industries on reports that the company now plans to invest in the power sector after it acquired a broadband wireless access company last week.
The good start in the market was amplified by an upsurge in the Asian stock market.
TOI
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