Sensex advances 250 points as June F&O series kicks in, Nifty up 1%

The BSE Sensex advanced 250 points in late morning trade on renewed buying, mainly in technology, healthcare, oil & gas, realty and capital goods sectors, following the beginning of June F&O series amid firm Asian
cues. 

The market breadth indicated that the overall health of the market was strong. 

The 30-share Sensex resumed higher at 27,553.03 and hovered in a range of 27,779.93 and 27,467.23 before quoting at 27,802.65 at 1123 hours, a rise of 295.94 points, or 1.08%, from its last close.

The NSE Nifty also quoted higher by 88.35 points, or 1.06%, at 8,407.35 at 1123 hours.

Major gainers were Bharti Airtel (3.33%), Coal India (2.32%) and Cipla (2.02%). Meanwhile, foreign portfolio investors net sold shares worth Rs 792.54 crore and domestic institutional investors (DIIs) net bought shares worth Rs 683.29 crore yesterday, according to provisional exchange data.

Overseas, Asian stocks edged higher in early trade. Key indices in China, Japan, Hong Kong, Taiwan and South Korea were up 0.02-0.28%. Indices in Singapore and Indonesia were down 0.19-0.57%.

In New York, US stocks edged lower yesterday as the deadlocked Greece debt talks weighed on investor sentiment.