Stocks Off To A Cautious Start, IT Stocks Advance

The stock market made a sedate cautious today as the benchmark Sensex rose marginally, led by buying in realty, IT and healthcare stocks. Positive Asian cues also supported the markets. The 30-share index traded higher by another 45.15 points, or 0.13 per cent, at 33,606.70. Sectoral indices such as technology, IT and realty stocks climbed by up to 0.48 per cent. The NSE Nifty too edged up by 18.70 points, or 0.18 per cent, at 10,361.

The Sensex had gained 801.11 points in the previous five sessions.

Observers said buying by domestic institutional investors and a firm trend in Asia supported the markets. But profit-taking was seen at higher levels.

Infosys, Sun Pharma, Bharti Airtel, Hero Motocorp advanced by up to 0.77 per cent.

Hong Kong’s Hang Seng gained 0.62 per cent while Shanghai Composite edged up 0.59 per cent in opening trade today. Financial markets in Japan are closed today for a public holiday.

[“source=profit.ndtv”]