Sensex recoups early losses, up marginally by 5 pts

Mumbai, Aug 29 (PTI) The benchmark Sensex recovered fromits initial losses, though ruling flat with a mere gain of 5points — helped by mild buying in auto, industrials, capitalgoods, metal and energy counters despite lower Asian cues. Down beat sentiment prevailed after US Fed chief JanetYellen indication of raising interest rates this year. Selling was witnessed in IT, realty power, teck, FMCGand financials and healthcare sectors. The 30-share index resumed higher at 27,827.26 and laterslid to 27,698.71. It was quoting at 27,787.32 at 1100 hrs,showing a marginal gain of 5.07 points, or 0.02 per cent, fromits last close. The NSE 50-share Nifty also trading marginally up by 3.80points or 0.02 per cent at 8,573.65. Major gainers were, Tata Motors by 4.56 pct, Heromoto1.44 pct, Tata Steel 1.12 pct, Realiance 1.04 pct andBhartiartl 0.70 pct. Meanwhile, foreign portfolio investors (FPIs) boughtshares worth a net Rs 341.35 crore last Friday, as perprovisional data released by the stock exchanges. Notable losers were TCS 1.90 pct, Wipro 1.61 pct,PowerGrid 1.52 pct, HDFC Bank 1.24 pct and Asian Paint 1.19pct. Overseas, Asian stocks trading lower after FederalReserve Chairwoman Janet Yellen last Friday signaled thepossibility of an interest-rate increase later this year. While, US stocks closed mixed last Friday. PTI PAKMKJ