Bharti Airtel is up over 2 percent while Sun Pharma, Cipla, Lupin and Vedanta are top gainers in the Sensex. Among the losers are Axis Bank, GAIL, HUL, Tata Motors and Tata Steel.
The market is going steady as the Sensex is up 140.10 points or 0.5 percent at 27689.63. The Nifty is up 46.65 points or 0.6 percent at 8402.50. About 1050 shares have advanced, 800 shares declined, and 105 shares are unchanged. Bharti Airtel is up over 2 percent while Sun Pharma, Cipla, Lupin and Vedanta are top gainers in the Sensex. Among the losers are Axis Bank, GAIL, HUL, Tata Motors and Tata Steel. Oil prices looked set for their seventh weekly fall in Asia today, with US crude tumbling to fresh six-year lows as investors worried a global supply glut is set to last. Oil is traded in the US currency and any uptick in the dollar will make the commodity more expensive, hurting demand. Some analysts expect the US Federal Reserve to hike interest rates as early as next month, but others say China's sudden move to devalue the yuan this week could prompt the Fed to delay a rise.
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