Sensex builds on gains, up 187 pts in early trade

Sensex builds on gains, up 187 pts in early trade

The Bombay Stock Exchange building. Reuters

 The BSE Sensex rose over 187 points in early trade today, extending yesterday's rally on robust buying in IT, energy and banking stocks amid unabated purchases by domestic institutional investors.

Asian shares were mixed after US President Donald Trump cancelled a planned meeting with North Korean leader Kim Jong Un.

The 30-share index jumped 187.14 points, or 0.54 percent, to 34,850.25 with sectoral indices led by IT, teck, power, realty, infrastructure, capital goods, banking and auto trading in the positive zone, rising up to 1.38 percent.

The gauge had gained 318.20 points in the previous session.

The NSE Nifty too climbed 48.70 points, or 0.46 percent, to 10,562.55.

Major gainers were TCS, Infosys, Tata Steel, NTPC, HDFC Bank, Yes Bank, M&M, HDFC Ltd, Coal India, Bharti Airtel, Axis Bank, Dr Reddy's, RIL and Maruti Suzuki, rising up to 1.83 percent.

State-owned oil companies IOC, OIL and BPCL recovered after a sharp decline yesterday.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 1,480.51, while foreign portfolio investors (FPIs) sold shares worth Rs 701.93 crore yesterday, as per provisional data.

In Asia, Japan's Nikkei rose 0.09 percent, while Shanghai Composite Index fell 0.24 percent. Hong Kong's Hang Seng was down 0.49 cent in early trade today.

The Dow Jones Industrial Average ended 0.30 percent lower in yesterday's trade on a sharp decline in energy-related shares.