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Sensex, Nifty pick up pace; SBI, Bajaj Auto, GAIL gainers

Bajaj Auto, SBI, Axis Bank, M&M and GAIL are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, Hero MotoCorp, Sesa Sterlite and HDFC.

11:10

The News International Team

A day of resting is over for the bulls it seems. The market has once again picked up pace with the Nifty hovering around 7900. The 50-share index is up 33.25 points at 7908.55 and the Sensex is up 109.42 points at 26423.71.About 1608 shares have advanced, 729 shares declined, and 91 shares are unchanged.

Bajaj Auto, SBI, Axis Bank, M&M and GAIL are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, Hero MotoCorp, Sesa Sterlite and HDFC.

Equity investors seemed reassured that the vast majority of the Fed’s voting committee wanted to keep a pledge that rates would stay near zero for a considerable time after it stops buying assets, which is expected in October.

But the minutes also revealed a more active debate about whether an earlier hike in rates might be needed.

10:00

Nifty hits 7900, Sensex up 100 pts; banks, oil & gas gain

Shares of State Bank of India, ONGC, Axis Bank, Bajaj Auto and GAIL were prominent gainers followed by TCS, L&T, HDFC Bank, Reliance Industries, Tata Motors, Maruti Suzuki, and Mahindra and Mahindra with 0.4-0.7 percent.

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09:15

Sensex, Nifty open flat; TCS & ITC up, steel under pressureRead More »

Tata Motors, TCS, Tata Power, ITC and M&M are top gainers while Sesa Sterlite, Tata Steel, Cipla, Hero MotoCorp and Bharti Airtel are among the laggards in the Sensex.

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