September 17, 2013 1:06 PM

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Sensex trading up 53 points in late morning trade

Recovering its earlier losses, Sensex was trading 53 points up at 19,795 points a short while ago. It fell over 55 points in early trade today on profit-booking by funds and retail investors as rising inflation faded hopes of a rate cut by the Reserve Bank of India. Sensex had gained 9.71 points in the previous session. Similarly, Nifty was also trading 10 points up at 5,850 points in the afternoon deals. In the Asian region, Hong Kong's Hang Seng index fell by 5.50 points, while Japan's Nikkei Index was up by 52.32 percent in early trade today. The US Dow Jones Industrial Average ended 0.77 percent higher in yesterday's trade.

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