Sensex up 90 points in late morning deals

The benchmark BSE Sensex trimmed its earlier gains to trade in range, up by 90 points in late morning session following caution in Asian markets after the passage of a US Senate tax bill last week.

Good bouts of value buying in recent losers were seen, led by IT, Metal, Telecom, Realty, Oil&Gas and Basic Material. Selling was witnessed in Energy, FMCG and Consumer Durable segments.

The 30-share index was trading higher by 90.40 points or 0.28% at 32,923.34 at 1150hrs. The broader Nifty was also up by 22.65 points or 0.22% at 10,144.45.

Major gainers were Infy 3.50 per cent, Tata Motors 2.19 per cent, ONGC 1.59 per cent, Bharti Airtel 1.56 per



cent and Tata Steel 1.43 per cent. 

Losers include Coal India 1.12 per cent, Adani Ports 1.03 per cent and Asian Paint 0.78 per cent.

Foreign portfolio investors (FPIs) bought shares worth a net Rs 306.11 crore last Friday, as per provisional data. Domestic institutional investors (DIIs) also bought equities worth a net Rs 176.19 crore.

Asian stocks were mixed as investors were trading cautiously after US stocks declined on last Friday.

US stocks ended lower last Friday, after news surrounding former national-security adviser Michael Flynn added an element of political uncertainty into markets.