Sensex trims gains in late morning trade, up 3 pts

The S&P BSE benchmark Sensex trimmed its early gains in late morning trade and was quoting higher by 3 points on renewed selling pressure in refinery stocks despite buying in Capital Goods, Auto, Banking and Healthcare sectors.
Foreign capital outflows affected the marrket sentiment. Foreign funds sold shares net of Rs 145.55 crore yesterday as per the provisional data issued by stock exchanges.
The Sensex resumed higher at 28,825.19 and firmed up further to 28,876.54 on initial buying but fell afterwards to 28,797.21 before quoting at 28,816.13 at 1030hrs, still showing a gain of 3.25 points, or 0.01 pct.
The NSE 50-share Nifty eased by 2.65 points, or 0.03 per cent, to quote at 8,894.05 at 1030hrs.

Major losers were Coal India 2.09 pct, Bajaj Auto 0.81 pct, HUL 0.68 pct. Tata Motors 0.55 pct and TCS 0.54 pct.
However, Bharti Airtel firmed up by 1.08 pct, SBI 0.82 pct, Adani Ports 0.81 pct, Larsen 0.74 pct and Maruti 0.71 pct.
In the overseas market, most Asian shares rose today in early trade bolstered by gains on Wall Street as investors awaited a speech by US President Donald Trump for signals on tax reform and infrastructure spending.
US stocks pushed further into record territory on yesterday as the Dow Jones industrial average closed at a record high. The Standard & Poor's 500 index also closed at a record high.