Sensex down 38 points, Nifty below 10400 in late morning deals

Sensex closes 25 points higher Nifty holds 10,400 level banking oil & gas stocks sink

Sensex down 38 points, Nifty below 10400 in late morning deals

The NSE 50-share index, after moving between 10,428.15 and 10,355.60 on alternate bouts of selling and buying, finally concluded at 10,417.15, up 14.90 points, or 0.14 per cent. The recent upsurge in the market has led Sensex to gain more than 800 points since mid-last week.

Furthermore, widening of bets by investors amid optimism ahead of earnings season, to begin later this week, also supported the uptrend, brokers said. The SGX Nifty is indicating that Nifty may open with gains of 33 points at 10,426.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth Rs 684.99 crore on net basis, while domestic institutional investors (DIIs) bought equities to the tune of Rs 653.65 crore yesterday, provisional data showed.

Stunning Lionel Messi hat-trick sees Barcelona equal unbeaten Liga record
Earlier on Saturday, Sevilla's hopes of qualifying for Europe next season took a hit with a 4-0 thumping at Celta Vigo. Lionel Messi curled in from a free kick to break the deadlock in the 27th minute.

ICICI Bank Ltd dropped as much as 2.2 percent and State Bank of India declined 2.5 percent, heading for their first session of fall in five.

Shares of sugar companies such as Dwarikesh Sugar, Bajaj Hindusthan Sugar, Balrampur Chini, Mawana Sugar and Uttam Sugar turned buyers' fancy largely on speculative buying by participants and gained up to 9.53 per cent.

The sectoral indices like IT, Bankex, Capital Goods, Metal, Power, Realty and Technology pushed the sensex up in early trade. In the broader market, BSE Midcap and the BSE Smallcap indices slipped up to 0.5 per cent.

U.S. and France deny involvement in Syrian missile strikes which killed 14
The Israeli planes were met with a barrage of missiles fired by Syria , one of which hit an F-16 jet that had a crew of two. The Pentagon was suspected to be conducting air strikes in Syria after receiving threats about chemical attacks.

Globally, Asian markets ended higher.

Among the top gainers, Vedanta surged 4.5 per cent while TCS, Sun Pharma, Eicher Motors and HCL Tech finished with gains of 2-2.6 per cent. Nasdaq gained over 0.51 percent while S&P 500 was up by 0.33 percent. London's FTSE was quoting 0.35 per cent higher.

Bill Cosby trial delayed over juror probe
Andrea Constand , 44, has accused the once-beloved father from " The Cosby Show " of drugging and sexually assaulting her in 2004. After a minor delay, he proceeded into court where opening arguments were due to take place after pretrial issues were resolved.

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