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It's a day of steady gains on Dalal Street. Today in intraday market the Sensex is up 309.24 points or 1.1 percent at 27858.77 and the Nifty is up 111.30 points or 1.3 percent at 8467.15. About 1364 shares have advanced, 875 shares declined, and 106 shares are unchanged. Midcap index outperforms. Vedanta, Sun Pharma, Bajaj Auto, Reliance and HDFC are top gainers while Axis Bank, GAIL, HUL and Tata Motors are losers in the Sensex.
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. The Intraday market is edging up supported by Pharma, auto and IT stocks. Sun Pharma, Cipla, Vedanta and Bharti Airtel are up around 2 percent each. Axis Bank, GAIL, HUL, Dr Reddy's Labs and ITC are among laggards.