Sensex up 64 points on good buying interest

The benchmark BSE Sensex rose by 63.93 points in a volatile morning trade today on good buying in IT, tech, banking, realty, auto and metal sectors on upbeat corporate earnings and higher Asian cues. The 30-share index resumed higher at 22,327.76 and hovered in a range of 22,364.90 and 22,312.19 before quoting 22,341.16 at 1010 hours.

It showed a gain of 63.93 points, or 0.29 per cent, from its last close. The NSE 50-share Nifty also moved up by 29.30 points, or 0.44 per cent, to 6,704.60 at 1010 hours. Major gainers were Tata Motors (2.86 per cent), Wipro (2.26 per cent), ICICI Bank (1.80 per cent), Hindalco (1.63 per cent), M&M (1.53 per cent), Tata Power (1.41 per cent) and Axis Bank (1.35 per cent). Meanwhile, Foreign Institutional Investors (FIIs) sold shares worth a net Rs 44.69 crore yesterday, as per provisional data from the stock exchanges.

Asian stocks gained in early trade as US industrial production increased more than forecast in March. Key benchmark indices in China, Indonesia, Hong Kong and Taiwan were up between 0.01-0.49 per cent.