Nifty above 7,500; oil & gas scrips up

Some buying activity is seen in realty, oil & gas and FMCG, while sectors such as IT and teck are losing sheen on BSE

9:41AM: The BSE Sensex is trading up 182 points at 25,220, while S&P Nifty is trading up 49 points at 7,522. BSE Mid-cap is up 1.09% at 9,053, while BSE Small-cap is up 1.59% at 9,777. Some buying activity is seen in realty, oil & gas and FMCG, while sectors such as IT and teck are losing sheen on BSE. ONGC, RIL, Gail, Tata Steel, Bharti Airtel and Hero MotoCorp are among the gainers, whereas HDFC Bank, TCS, Infosys, Hindalco, SSLT and Wipro are losing sheen on BSE. On account of fresh inflows and sharp rally in equity markets, the assets under management of mutual funds rose 7% to Rs. 10.11 trillion in May 2014 from Rs. 9.45 trillion in April 2014. The assets of mutual funds rose by 22.5% to Rs. 1.85 trillion over the last two months, according to SEBI (Securities and Exchange Board of India) data.