Stock Market News

Nifty hovers around 7800, Sensex firm; Reliance, HUL drag

The market is still holding its feet strongly. The Sensex is up 232.29 points or 0.9 percent at 25685.85 and the Nifty is up 75.55 points or 0.9 percent at 7792.55. About 1542 shares have advanced, 492 shares declined, and 60 shares are unchanged.

Tata Steel, BHEL, Axis Bank, Tata Motors and Vedanta are top gainers in the Sensex. Among the losers are GAIL, HUL, Lupin, Coal India and Reliance.

Oil prices fell in Asia followed a mixed US petroleum report that showed an increase in reserves but a dip in production. Prices turned sharply lower Tuesday and have been edging down since after weak manufacturing data from China and the US clouded the outlook for demand growth in the two biggest energy consumers.

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