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Sensex, Nifty firm; ONGC, Bharti Airtel ,BHEL laggards

L&T, Coal India, ICICI Bank, Axis Bank and Sun Pharma are top gainers in the Sensex. Among the losers are ONGC, Bharti Airtel, Tata Motors, Sesa Sterlite and BHEL.

11:15

The News International Team

The market is gaining for the second consecutive day with the Nifty reclaiming 8600 in early trade. Gains are led again by banks. The 50-share index is up 36.95 points at 8602.50. The Sensex is up 104.87 points at 28460.49. About 1332 shares have advanced, 789 shares declined and 189 shares are unchanged.

L&T, Coal India, ICICI Bank, Axis Bank and Sun Pharma are top gainers in the Sensex. Among the losers are ONGC, Bharti Airtel, Tata Motors, Sesa Sterlite and BHEL.

Brent crude held steady above USD 56 a barrel and US crude rose briefly more than USD 1, after a smaller than expected rise in US crude stocks were viewed by some as a sign that a supply glut was starting to abate.

The gains in futures, however, were capped by a warning from the International Energy Agency (IEA) that ample global production would still swell world inventories before investment cuts begin to significantly dent output.

Most of the Asia is in the green following the US markets that finished higher on hopes of a resolution of Greek debt negotiations.
 

10:00

Sensex firm, Nifty holds 8600; ICICI Bank, L&T, TCS lead

The market remained firm in morning trade as the Sensex rose 141.61 points to 28497.23 and the Nifty climbed 44.85 points to 8610.40. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.7 percent and 0.9 percent, respectively.

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09:15

Nifty above 8600, Sensex up over 100 pts; SBI gains 2%Read More »

SBI is up 2 percent while Sun Pharma, Axis Bank, L&T and ICICI Bank are top gainers in the Sensex.

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