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Nifty races towards 8000; Sensex firm; Wipro, Biocon gains

Wipro, Infosys, Tata Power, M&M and TCS are major gainers in the Sensex. Among the laggards are GAIL, Cipla, Sesa Sterlite, Tata Motors and Hindalco.

11:00

The News International Team

The market is picking up its pace as the Sensex is up 144.78 points at 26637.29 and the Nifty is up 44.50 points at 7977.40. About 1345 shares have advanced, 1098 shares declined, and 83 shares are unchanged.

Wipro, Infosys, Tata Power, M&M and TCS are major gainers in the Sensex. Among the laggards are GAIL, Cipla, Sesa Sterlite, Tata Motors and Hindalco.

Biocon surges 2 percent after the company announced start of global phase 3 trials for insulin Glargine in partnership with Mylan.

Asian markets trade mixed as investors tread cautiously ahead of the FOMC meet outcome due later today. US crude futures edged lower in early Asian trade as US crude and distillate inventories rose more than expected, easing after steep gains in the previous session on talk of an OPEC production cut and news of lower output in Libya.

10:00

Nifty above 7950; Sun Pharma, Tata Steel, Hindalco lead

Sun Pharma, Tata Steel, Hindalco Industries, Coal India and Tata Power topped the buying list, up 1-1.6 percent followed by ITC, Reliance Industries, Infosys, TCS, ICICI Bank, HDFC and State Bank of India with 0.4-0.9 percent.

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09:16

Sensex gains over 100pts, Nifty firm on global cuesRead More »

Tata Power, Hindalco, L&T, Tata Steel and Wipro are top gainers in the Sensex.

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