Nifty gains 14 points on mixed global cues

Nifty gains 14 points on mixed global cues
The BSE Sensex provisionally closed 0.2 percent higher on Wednesday, helped by small gains

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in Asia, with Reliance Industries leading the rise.

The 30-share BSE index provisionally ended up 0.23 percent or 39.62 points at 17,092.16 with 19 components gaining.

The 50-share NSE index provisionally closed up 0.3 percent at 5,115.95 points.

Markets @ 10.15 AM

The BSE benchmark Sensex bounced back by more than 120 points to 17,172.04 in early trade today, on renewed buying in oil & gas, auto and realty sectors amid mixed Asian cues.

The benchmark index resumed higher at 17,072.94 and shot up further to 17,180.04 before quoting at 17,172.04 at 1015 hrs, showing a rise of 119.50 points or 0.70 per cent from its last close.

At the same time, NSE 50-share nifty also rose by 34.70 points or 0.68 per cent to 5,136.20.

Among gainers were, Reliance Industries that rose by 2.61 per cent, Tata Motors by 2.38 per cent, ACC by 1.66 per cent, ITC by 1.41 per cent and Hindalco by 1.33 per cent.

The fourth and the last installment of advance tax by India Inc due on March 15 this year will give a broad indication of fourth quarter earnings.

Asian stocks were trading mixed in the early trade as key benchmark indices in Hong Kong, South Korea, Japan, and China and were down by between 0.08 per cent to 0.39 per cent while indices in Indonesia, Taiwan and Singapore were up by 0.01 per cent to 0.55 per cent.

Markets @ 09.00 AM

The BSE Sensex traded flat on Wednesday morning, amid mixed cues from its Asian peers.

At 9:00 a.m., the 30-share BSE index was down 0.02 percent at 17,048.72 points. It had opened up 0.15 percent.

The 50-share NSE Index was down 0.02 percent at 5,100.35.

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