Sensex trading marginally in the green; F&O expiry eyed

MUMBAI, MAY 28 : The Sensex and the Nifty were trading marginally in the green due to short-covering by investors ahead of May series derivatives contracts.

Besides, value-buying in consumer durables, auto, metal and auto stocks buoyed the trading sentiment.

At 10.10 a.m. local time, the 30-share BSE index Sensex was trading higher by 40.2 points or 0.15 per cent at 27,604.86 and the 50-share NSE index Nifty was trading up by 8.35 points or 0.1 per cent at 8,342.95.

Among BSE sectoral indices, consumer durables index was up 0.49 per cent, followed by auto 0.41 per cent, metal 0.38 per cent and IT 0.22 per cent. On the other hand, infrastructure index fell the most by 0.38 per cent, followed by healthcare 0.21 per cent, power 0.12 per cent and FMCG 0.01 per cent.

Early trade

The 30-share barometer, which had gained 33.25 points in the previous choppy session rose further 95.06 points or 0.34 per cent to 27,659.72.

Also, the NSE Nifty gained 27.40 points, or 0.33 per cent, to 8,362.00.

Brokers said that apart from short-covering as today is the last trading session of May expiry in the derivatives space, a firm trend in other Asian bourses following record closing at the US markets buoyed the sentiment here.

Among other Asian markets, Hong Kong’s Hang Seng firmed up 0.29 per cent, while Japan’s Nikkei turned higher by 0.57 per cent in early trade.

The US Dow Jones Industrial Average had ended 0.67 per cent higher yesterday.

Source : thehindubusinessline.com