Sensex posts gains for 2nd day, up 100 pts on earning optimism

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Sectorwise, the BSE IT and Healthcare index dipped 0.76 per cent and 0.41 per cent, respectively.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 81.51 crore on Monday, as per provisional data released by the stock exchanges.

European markets too were higher in their late morning deals with Frankfurt's DAX rising 0.08 per cent, while Paris CAC 40 up 0.07 per cent. London's FTSE, however, edged lower by 0.12 per cent.

On Monday, Sensex ended its 3-day losing run to close higher by almost 117 points after a volatile trade on the back of gains in telecom, energy, oil & gas, banking and auto stocks. Al Sharqia Investment, HSBC Bank, Vision Insurance, Ahli Bank and Bank Sohar gained 1.98 per cent, 1.79 per cent, 1.46 per cent, 1.25 per cent and 0.64 per cent respectively.

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According to market observers, healthy buying was witnessed in oil and gas, IT and banking stocks.

30-share BSE Sensex gained 100.62 points to close on 32,607.34 and the broader 50-share NSE Nifty closed on 10,207.70, up by 22.85 points.

Better-than-expected financial numbers of heavyweights including Asian Paints and Zee Entertainment amid rally in banking counters after reports that the government is set to announce Rs 35,000-crore fund infusion into ailing PSU lenders with immediate effect lifted benchmark equity indices BSE Sensex and NSE Nifty for a second straight session on Tuesday. Other major gainers were NTPC, ONGC, Hindsutan Unilever, Tata Steel, Power Grid, Bharti Airtel, Maruti Suzuki, L&T, Axis Bank, Cipla, ITC HDFC LTD and Dr Reddy's.

On the other hand, Tata Motors (1.54%), Infosys (1.37%), Sun Pharmaceutical Industries (1.07%), Mahindra & Mahindra (0.81%), Hero Motocorp (0.59%), and Reliance Industries (0.36%) were the biggest losers in the Sensex.