Sensex edges up by 7 points on firm global cues
The BSE benchmark Sensex was up marginally by 7 points in early trade on Wednesday, with buying in FMCG, IT and consumer durables stocks keeping the 30-share index afloat amid mixed Asian cues.
The BSE benchmark Sensex resumed higher at 17,641.98 and moved up further to 17,658.34 before quoting at 17,576.24 at 1015 hours, a marginal gain of 6.71 points, or 0.04 per cent, from its previous close.
However, the NSE's 50-share Nifty index was down by 4.75 points, or 0.09 per cent, at 5,284.60 at 1015 hours.
The major gainers in early trade were HUL (up 1.46 per cent), Hero MotoCorp (1.19 per cent), Tata Motors (1.06 per cent), Tata Steel (1.04 per cent) and Jindal Steel (0.94 per cent).
In addition, index heavyweight Reliance Industries (RIL) edged higher in early trade and SBI also gained ahead of its Q2 results today.
Meanwhile, Asian shares rose in early trade on Wednesday after data showed cooling of inflation in China and investors cheered plans by Italian Prime Minister Silvio Berlusconi to resign as a step toward resolving crippling debt problems in Europe.
The key indices in Hong Kong, Indonesia, Japan, South Korea and Taiwan were up by between 0.01 per cent and 1.69 per cent.
However, indices in China and Singapore were down by between 0.11 per cent and 0.35 per cent.
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