Nifty eyes 8300, Sensex steady; HUL, Vedanta drag 1-2%% -- 20 Oct 2015

Tata Motors, NTPC, TCS, Infosys and SBI are top gainers in the Sensex while Cipla, Vedanta, OnGC, HUL and Hindalco are among losers.

                             

The market is still in positive terrain, as the Sensex is up 43.74 points or 0.2 percent at 27408.66. The Nifty is up 12.10 points or 0.1 percent at 8287.15. About 1537 shares have advanced, 979 shares declined, and 177 shares are unchanged. Tata Motors, NTPC, TCS, Infosys and SBI are top gainers in the Sensex while Cipla, Vedanta, OnGC, HUL and Hindalco are among losers. Oil prices rebounded in Asian trade as traders covered short positions after prices fell at least 3 percent in the previous session, but gains were capped by worries about oversupply and the health of the global economy. Iran plans to increase crude production by 500,000 barrels per day within a week of the lifting of sanctions, a senior Iranian oil official was quoted as saying on Monday, selling the oil to traditional customers in Asia and Europe. China's GDP growth slowed to 6.9 percent in the third quarter, down on a 7-percent rise in the prior quarter, while implied oil demand was also lower, official figures and Reuters data on Monday showed.

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