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The market maintained its uptrend with the Nifty hovering around the 8250-mark supported by banks, autos and oil & gas stocks while the BSE Midcap and Smallcap outperformed.
The Sensex rose 112.31 points to 27289.30 and the Nifty advanced 29.25 points to 8243.05. About 1276 shares have advanced, 821 shares declined, and 141 shares are unchanged on the BSE.
Oil marketing companies like BPCL & HPCL rallied 4 percent each and IOC gained 1.6 percent. Sources told CNBC-TV18 that the finance ministry will pay the full subsidy compensation of Rs 8,600 crore to the OMCs for the fourth quarter.
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Posted in: Indian Market Tips
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