Sensex firm, Nifty consolidates; Reliance up, SBI falls -- 19 Aug 2015

Sun Pharma, Cipla, Lupin, Wipro and Reliance are top gainers while Hindalco, SBI, HDFC, Bharti and BHEL are losers in the Sensex.

                   

 Key indices recovered from morning lows to trade marginally higher with the Nifty above the 8450 mark led by gains in pharma, consumer durables and realty stocks. The Sensex is up 90.83 points at 27922.37 and the 50-share index is up 24.45 points at 8491. About 1386 shares have advanced, 851 shares declined, and 88 shares are unchanged. Sun Pharma, Cipla, Lupin, Wipro and Reliance are top gainers while Hindalco, SBI, HDFC, Bharti and BHEL are losers in the Sensex. Oil prices fell in Asia, giving up meagre gains in the previous session as investors await a US inventory report to gauge demand in the world's top economy. Analysts said prices were unlikely to stage a sustained rally because the market remains awash with supplies from the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia. Oil traders are also watching a report on US crude inventories in the week ending August 14 due later Wednesday to measure demand in the world's biggest economy and large producer of shale oil.

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