Indian equities were trading up by about 0.3 per cent on buying by funds and retail investors in select stocks owing to global cues. Investors also remained cautious ahead of expiry of September month F&O contracts today.
US scrips fell last night on fears that the funding for the Federal Government would run out.
At 12.12 p.m., the 30-share BSE index Sensex was up 62.48 points (0.31 per cent) at 19,918.72 and the 50-share NSE index Nifty was up 19.95 points (0.34 per cent) at 5,893.80.
All the broader and sectoral indices were trading flat.
Metal, capital goods and healthcare stocks remained in the limelight and were up 1.19 per cent, 0.9 per cent and 0.82 per cent, respectively.
On the other hand, oil & gas, consumer durables and realty stocks succumbed to selling pressure and were down 0.79 per cent, 0.69 per cent, 0.61 per cent, respectively.
Sun Pharma, Wipro, Coal India, Tata Steel and Wipro were the top five Sensex gainers, while the top five losers were Jindal Steel, GAIL, HUL, RIL and Cipla.
A report from Dalmia Securities said “On the economic data front, current A/C and GDP data in UK and in the US, GDP data, pending home sales, personal consumption expenditure and jobless claims are some of the important ones lined up for today.”
Most Asian shares were down tracking overnight cues from the Wall Street. US stocks ended lower on Wednesday as Wal-Mart Stores Inc. fell and concerns grew that a political showdown over government spending poses a threat to growth.
US Congressmen is currently struggling to pass a spending bill to keep the government funded beyond October 1. According to US Treasury Secretary Jack Lew, the US will exhaust its borrowing limit on October 17. One of the solutions being contemplated is tampering with the healthcare programme introduced in 2010.
Japan's Nikkei rose 102.66 points or 0.7 per cent to 14,723.20, Hong Kong's Hang Seng fell 68.71 points or 0.3 per cent to 23,140.90 and Australia's S&P/ASX 200 was up 15.96 points or 0.3 per cent at 5,291.90.
The Dow Jones industrial average ended down 0.4 per cent on Thursday, while the S&P 500 Index faded 0.27 per cent. It was the fifth consecutive session of losses for the benchmark S&P 500, the first such period for 2013.
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