Sensex climbs over 110 points after Asian uptrend

Indian stocks today shrugged off

weakness in US markets as the Sensex surged over 110 points,

with domestic investors doing the job amid positive Asian

cues.

Stocks strengthened in the face of a weak close in the US

after President Donald Trump at a campaign-style rally

threatened government shutdown for necessary funding to build

a wall along the Mexican border.

The 30-share index was up 110.18 points -- 0.34 per

cent -- at 31,678.19. It had gained 309.16 points in the

previous two sessions.

IT, metal, technology, healthcare, power and FMCG brought

up gains.

The NSE Nifty hit 9,881.50, climbing 29 points, or 0.29

per cent.

A firm trend at other Asian exchanges served as a pointer

of things to come. Speculators covered their short positions,

which too supported the rally, traders said.

Domestic Institutional Investors (DIIs) remained buyers

for yet another day, purchasing shares worth Rs 929.84 crore

yesterday, as per provisional data.

Infosys, the country's second-largest software exporter,

was the top gainer by rising 1.62 per cent to Rs 909 on

speculation that Nandan Nilekani might make a comeback as the

company's head.

Other big gainers that supported the key indices were

Sun Pharma, Tata Motors, Lupin, PowerGrid, NTPC, Cipla, Hero

MotoCorp, L&T, M&M, ITC Ltd, ONGC and Reliance Industries,

gaining up to 1.23 per cent.

The US Dow Jones Industrial Average ended 0.40 per cent

lower yesterday.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)