BSE Sensex Down in Morning Trade

At 9.55 am, Sensex was 27.69 points down at 18725.14. Similarly, Nifty was down 6.50 points at 5684.65 during the same time.

Sustained buying by funds and retailers on expectations of more economic reforms by the government helped the BSE benchmark Sensex gain in early trade to fresh 14-month high.

The 30-share barometer added 56.25 points, or 0.30 per cent, to trade at 18,809.08, its highest level since July 2011, with stocks of power, FMCG, realty and IT sectors leading the rise. The index had gained almost 404 points on Friday.

The wide-based National Stock Exchange index Nifty regained psychological 5,700 points level by rising 18.70 points to 5,709.85.

Trading sentiment remained bullish on continued buying by aggressive funds and retail investors on hopes that the government will accelerate pace of economic reforms, but a weak trend in the Asian region restricted the gains. Via

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