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Sensex, Nifty continue to rally; Reliance, HDFC Bank weak

Tata Steel, Sun Pharma, GAIL, L&T and TCS are top gainers in the Sensex. Among the losers are Reliance, HDFC Bank and M&M.

13:00

The News International Team

The market is still maintaining its uptrend as the Sensex is up 181.81 points at 28803.93. The Nifty is up 50.15 points at 8736.05. About 1363 shares have advanced, 1205 shares declined, and 178 shares are unchanged.

Tata Steel, Sun Pharma, GAIL, L&T and TCS are top gainers in the Sensex. Among the losers are Reliance, HDFC Bank and M&M.

Short-term US yields boasted their biggest drop in six years after the Federal Reserve trimmed forecasts for inflation and growth, and said unemployment could fall further than first thought without risking a spike in inflation.

The median projection for the Fed funds rate at the end of 2015 was cut to 0.625 percent, down half a point from December. Fed Chair Janet Yellen also sounded uncomfortable with the strength of the dollar, saying it would be a “notable drag” on exports and a downward force on inflation. The Fed’s seeming caution on hikes rattled the dollar as investors have been massively long in the expectation its interest rate advantage could only get wider.

12:00

Sensex, Nifty maintain uptrend; Lupin, Wockhardt rally

The market remained firm though it came off day’s high. The Sensex gained 201.17 points at 28823.29 and the Nifty jumped 55.50 points to 8741.40 led by banks, FMCG, pharma, IT and capital goods stocks.

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11:00

Nifty hovers around 8750; rupee rises, IT index in redRead More »

Tata Steel, Sun Pharma, GAIL, Axis Bank and L&T are top gainers in the Sensex. Among the losers are NTPC, Bajaj Auto and Bharti Airtel.

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10:00

Sensex up over 200 pts, Nifty firm; GAIL, Sun Pharma gainRead More »

The market is in high spirits on Fed move. The Sensex rose 224.29 points to 28846.41 and the Nifty climbed 64 points to 8749.90.

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09:15

Fed outcome lifts Sensex 200 pts; banks rally, NTPC fallsRead More »

The market rallied in early trade following the dovish statement from the US Federal Reserve. The Sensex rose 187.74 points to 28809.86 and the Nifty rose 47.65 points to 8733.55.

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