Accurate Stock Tips for Today; Nifty races towards 8300

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The stock market continues its upward swing as the Nifty races towards 8300. The 50-share index is up 91.00 points or 1.1 percent at 8282.50. The Sensex is up 307.85 points or 1.1 percent at 27413.24. About 1497 shares have advanced, 613 shares declined, and 127 shares are unchanged. SBI is up 4 percent while Vedanta, Hindalco, Hero and Coal India re top gainers in the Sensex. Among the losers are HUL, Reliance, HDFC Bank and Wipro.
Today the stock market is in high spirits and is holding its early gains. The Sensex is up 247.91 points or 0.9 percent at 27353.30 and the Nifty is up 68.40 points or 0.8 percent at 8259.90. About 1306 shares have advanced, 396 shares declined, and 113 shares are unchanged. Metals, auto and Pharma stocks are lending major support to the indices. Hindalco is up 3 percent while Hero, HDFC, Tata Steel and Bajaj Auto are top gainers. HUL is down 2 percent.
Tata Steel, Tata Motors, Cipla, ICICI Bank and Vedanta are top gainers in the Sensex. The Indian rupee opened with marginal gain of 9 paise at 63.85 per dollar versus 63.94 Friday. The dollar edges higher against the euro. The euro dips below 1.12 to the dollar. The dollar index is currently at 94.80. Bank of Baroda is up 9 percent after its gross non-performing asset (NPAs) improved to 3.7 percent in March quarter.