Sensex trims initial gains; still up by 154 points

May 19, 2014 10:49

The benchmark BSE Sensex trimmed its initial gains but was still trading up by 154 points in morning trade amid buying in realty, capital goods, power, refinery, banking and metal sector stocks and persistent foreign capital inflows.

Foreign institutional investors bought shares worth a net Rs 3,634.82 crore on Friday, as per provisional data from the stock exchanges. Investors are hoping that the BJP-led government will be better at getting things done and would be more business-friendly than the Congress-led coalition government, which was in power during the past ten years.

The 30-share Sensex opened higher at 24,340,32 and moved up further to 24,427.10 on strong initial buying.

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