Sensex up over 60 pts; oil&gas, realty stocks lead 29/09/2016 11:36

Sensex up over 60 pts; oil&gas, realty stocks lead
29/09/2016 11:36

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Tracking a bullish trend globally after the OPEC’s decision to cut output for the first time in eight years, Indian equity benchmarks continued to trade in the positive terrain during the late morning deals on Thursday.

At 11:06 hours, the 30-share barometer index of Bombay Stock Exchange, Sensex was at 28,354.37, up by 61.56 points or 0.22 per cent while the NSE Nifty was at 8,767.8, up by 22.65 points or 0.26 per cent.

The OPEC, a cartel which accounts for about 40 per cent of global crude supplies, at an informal meeting in Algiers on Wednesday, agreed in a preliminary deal to cut output to a range of 32.5 million to 33 million barrels per day, easing fears of a supply glut in global markets.

Meanwhile, buying momentum was witnessed mainly in the oil & gas and realty sector stocks.

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