Erasing most of early gains, the BSE benchmark Sensex was quoting higher by 41 points in the late morning trade today in view of fresh buying ahead of RBI policy meeting amid foreign capital inflows as well as firm Asian cues.
The 30-share index resumed higher at 19,345.91 hovered in a range of 19,378.61 and 19,319.51 before quoting at 19,334.58 at 1030hrs, a gain of 41.38 points, or 0.21 per cent, from its last close.
The NSE 50-share Nifty also moved up by 9.80 points, or 0.17 per cent, to 5,845.05 at 1030hrs.
Major gainers were Gail India (2.18 per cent), Bajaj Auto (1.94 per cent), Icici Bank (1.78 per cent), Sun Pharma (1.50 per cent) and NTPC (1.03 per cent).
Foreign institutional investors (FIIs) bought shares worth Rs 506.01 crore yesterday, as per provisional data from the stock exchanges.
Asian stocks moved higher early today, as to take back some losses made the previous day, when investors reacted to news that a bailout for Cyprus would include a tax on bank deposits.
Key benchmark indices in Hong Kong, Singapore, South Korea, Japan, China and Taiwan were up by 0.23 per cent to 2 per cent.
