Nifty holds 8200 amid consolidation; RIL & ONGC jump, Maruti up

Equity benchmarks as well as broader markets continued to consolidate after four-day rally. Oil & gas, HDFC group, pharma and select auto stocks supported the market while the selling in Asian Paints, Tata Motors, ICICI Bank, ITC and Infosys capped upside.

The 30-share BSE Sensex was up 37.50 points at 26690.31 and the 50-share NSE Nifty rose 5.40 points to 8229.90.

Asia remained positive with the Japan’s Nikkei rising 2 percent as regional manufacturing surveys led by China beat expectations and on upbeat views a day after OPEC reached its first deal since 2008 to cut oil production.

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Posted in: Indian Market Tips