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Sensex, Nifty gain ahead of FO expiry, Rail Budget

HDFC, Infosys, ONGC, Bharti AIrtel and M&M are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, Bajaj Auto, Hero MotoCorp, GAIL and Sun Pharma.

11:00

The News International Team

The market is spearing ahead of the Rail Budget and February F&O expiry tomorrow. The Sensex is up 180.06 points or 0.6 percent at 29184.72 and the Nifty is up 52.40 points or 0.6 percent at 8814.50. About 1286 shares have advanced, 950 shares declined, and 182 shares are unchanged.

HDFC, Infosys, ONGC, Bharti AIrtel and M&M are top gainers in the Sensex. Among the losers are Dr Reddy’s Labs, Bajaj Auto, Hero MotoCorp, GAIL and Sun Pharma.

Global cues are supportive with Asian equities mostly higher reacting to HSBC Flash PMI that indicated a growth for the first time in three months. Brent crude continues to trade sub USD 60 a barrel.

Gold edged higher after dropping to a seven-week low the session before, with Federal Reserve Chair Janet Yellen indicating flexibility in raising US interest rates. Yellen said on Tuesday that while the Fed is preparing to consider rate hikes on a “meeting-by-meeting basis”, an increase is not likely for at least the next couple of meetings.

10:00

Nifty holds 8800, Midcap gains too; HDFC, RIL, ONGC lead

The market continued to see buying interest with the Nifty holding 8800-mark supported by banking & financials, oil & gas and metals stocks.

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09:17

Nifty holds 8800, Sensex up over 100 pts; M&M, SBI gainRead More »

Sesa Sterlite, Tata Power, SBI, M&M and ONGC are top gainers in the Sensex.The Indian rupee gained in the early trade. It has opened higher by 20 paise at 62 per dollar versus 62.20 Tuesday.

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