Sensex, Nifty continue to gain on Asian cues; L&T, Bharti down

Equity benchmarks continued to consolidate with a positive bias after hitting a fresh 52-week high on the Nifty. The broader markets also traded in line with benchmarks, up 0.4 percent.

The 30-share BSE Sensex was up 122.11 points at 28200.46 and the 50-share NSE Nifty gained 31.80 points at 8714.95. The market breadth remained positive as about two shares declined for every share falling on the Bombay Stock Exchange.

Reliance Industries, HDFC, Infosys, HDFC Bank, Lupin and Tata Motors were top contributors to Sensex’s gains.

L&T, Bharti Airtel, Asian Paints, NTPC and Sun Pharma were losers in early trade.

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