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The Nifty and Sensex extend gains as select FMG, auto nd banking stocks lend support. The Sensex is up 152.78 points at 29247.71 and the Nifty is up 45.05 points at 8850.55.
About 1265 shares have advanced, 1022 shares declined, and 172 shares are unchanged.
HUL, Tata Motors, Bharti Airtel, Sesa Sterlite and Dr Reddy’s Labs are top gainers in the Sensex. Among the losers are Sun Pharma, BHEL, Hero Motocorp, L&T and GAIL.
Asian markets trade higher, with Japanese shares rallying to an 8-year high, shrugging off weaker-than-expected GDP data. Oil prices too extend gains. Brent hit an 8-week high, trades above 60 dollars per barrel.
China drew USD 13.9 billion in foreign direct investment (FDI) in January, up 29.4 percent from a year earlier, the highest in nearly four years, the Commerce Ministry said on Monday.
But analysts cautioned about reading too much into economic indicators for January alone, given the strong seasonal distortions caused by the timing of the Lunar New Year holidays, which began on Jan. 31 last year but start on February 19 this year. January FDI rose 4.5 percent from December.
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