Mumbai, Dec 7 (PTI) The benchmark BSE Sensex rose by

258.77 points in late morning deals on across the spectrum

buying led by utilities, capital goods, auto, power, metal,

banks and financials counters.

Domestic funds got into act amid buying spree after the

Reserve Bank of India (RBI) kept its policy rate steady

yesterday as widely expected.

The 30-share index was trading higher by 258.77 points

or 0.79 per cent at 32,855.95 at 1115hrs. The broader Nifty

was trading above the key 10,100-level, up by 83.25 points

or 0.83 per cent at 10,127.35.

Major gainers were NTPC 2.20 per cent, Maruti 2.16 per

cent, Tata Steel 2.08 per cent, Bajaj Auto 1.95 per cent and

L&T 1.66 per cent.

Foreign portfolio investors (FPIs) sold shares worth

a net Rs 1,217.92 crore yesterday. Domestic institutional

investors (DIIs) bought equities worth a net Rs 995.11 crore.

Most Asian shares declined as US policy uncertainty kept

sentiment in check. US stocks ended mixed yesterday.

— Rupee rules flat against dollar —

The rupee is trading almost flat at 64.54 per dollar in

late morning deals following mild bouts of dollar buying by

importers and banks amid higher domestic equities.

The domestic unit opened higher at 64.51 per dollar as

against the yesterday’s closing level of 64.52 per dollar at

the interbank forex market.

It witnessed see-saw momentum, hovering between a high

of 64.49 and low of 64.57 per dollar during morning deals. It

was quoting at 64.54 per dollar at 1130 hrs.

Globally, the US dollar was up against major rivals in

early Asian trade, shaking off earlier losses versus the yen

amid optimism on US tax reforms.

This is published unedited from the PTI feed.