Sensex, Nifty maintain uptrend on global cues; Dixon Tech at Rs 2,999

All sectoral indices barring Pharma traded in green, with Auto leading the charge (up 1.2 percent).

Nifty Bank, Metal, FMCG and IT indices gained more than 0.6 percent while Pharma fell 0.9 percent.

Equity benchmarks maintained morning uptrend, following rally in global peers on easing on North Korea tensions. Investors looked for cues from two-day Federal Reserve meeting that will begin on Tuesday.
The 30-share BSE Sensex was up 199.05 points at 32471.66 and the 50-share NSE Nifty gained 76.25 points at 10,161.65. About two shares advanced for every share falling on the BSE.

Dixon Technologies hit an intraday high of Rs 2,999, showing a 70 percent rally over its issue price of Rs 1,766.

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Posted in: Indian Market Tips