Sensex trims initial gains, still up 68 points

The benchmark S&P BSE Sensex trimmed initial gains and was quoted 68 points higher in late morning trade today amid buying in oil & gas, healthcare, power, consumer durables, auto and IT stocks.
The Sensex resumed higher at 20,767.42 and hovered in a range of 20,688.18 to 20,779.54 before quoting at 20,760.83 at 1030 hrs, a gain of 67.59 points or 0.33 per cent.
The 50-share CNX Nifty on the National Stock Exchange gained 21.55 points, or 0.35 per cent, to 6,183.80 at 1030 hrs.
The major gainers were Sun Pharma (2.18 pc), Cipla (2 pc), GAIL India (1.86 pc), Tata Power (1.82 pc), Hindalco (1.38 pc), NTPC (1.16 pc) and Coal India (1.12 pc).

Most Asian stocks edged higher in early trade as the International Monetary Fund said it will raise its global economic growth forecast and as the US trade deficit narrowed.
Key indices in Taiwan, Hong Kong, Singapore and Japan rose, while indices in China and South Korea fell.
Foreign institutional investors sold shares worth a net Rs 567.02 crore yesterday, according to provisional data from the stock exchanges.