The market continued to
consolidate after rising in previous five consecutive sessions. The Sensex
rallied 77.13 points to 27010.01 and the Nifty rose 15.05 points to 8167.95.
The broader markets
outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.3
percent and 0.6 percent, respectively. The market breadth remained strong as
about 1188 shares advanced against 583 shares declined on the Bombay Stock
Exchange. ONGC gained 3 percent and Cairn India surged 4.5 percent after
further upside in oil prices. Brent crude climbed 1 percent to USD 52.44 a
barrel and Nymex crude rose 1.6 percent to USD 49.31 a barrel on hopes the
crude supply glut may ease
The Federal Reserve may
hold rate hike. Vedanta spiked 3.5 percent followed by HDFC, Maruti Suzuki,
Lupin, SBI, Bajaj Auto, GAIL, Coal India and Hindalco with 1-2 percent upside
while ICICI Bank, Bharti Airtel and Wipro declined 1-1.5 percent.
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