Nifty hovers around 8500, Sensex firm; Hindalco, Nalco rally

Buying interest continued for the second consecutive session as the Sensex gained 108.27 points at 27734.96 and the Nifty rose 30.20 points to 8498.10 despite negative market breadth.

About 1542 shares declined against 1088 advancing shares on Bombay Stock Exchange.

Hindalco shares surged 4 percent and Nalco jumped nearly 7 percent after better-than-expected earnings by Alcoa.

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Posted in: Indian Market Tips