Nifty holds 8500, Sensex firm; GAIL, Cipla, Coal India drag

Nifty Futures

The Sensex is up 93.55 points at 27971.82 and the Nifty is up 26 points or 0.3 percent at 8503.30. About 1543 shares have advanced, 696 shares declined, and 124 shares are unchanged.

Infosys, TCS, SBI, Wipro and Tata Steel are top gainers in the Sensex. Among losers are GAIL, Cipla, Coal India, Lupin and Vedanta.

The much-talked about relief for PSU Banks appear convincing, says Gautam Chhaochharia, Head-India Research at UBS Securities. He admits it is difficult to predict if private sector best practices will be replicated by the PSU Banks five years down the line, but the direction is definitely positive. UBS remains overweight on the sector and advises buying SBI.


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