DLF falls 2%; investors wary of Rs 86 cr SEBI penalty
The market is still holding its gains as the Sensex is up 115.90 points at 28862.5. The Nifty is up 40.70 points at 8724.55. About 1413 shares have advanced, 791 shares declined, and 171 shares are unchanged. Investors will keep an eye on the economic survey that will be tabled in Parliament today.
L&T, Tata Power, Coal India, Sesa Sterlite and Hindalco are top gainers in the Sensex. Among the losesr are ITC, GAIL, TCS, Wipro and HUL.
Oil bounced back in Asia on bargain-hunting after tumbling in the previous session over a further surge in US crude reserves, adding to the global supply glut. Analysts attributed the plunge Yesterday to a delayed reaction by traders to a bigger-than-expected 9.4 million barrels increase in US crude stockpiles in the week to February 20. The US Department of Energy said Wednesday US crude reserves now stand at a record 434.1 million barrels.
Prices have risen above multi-year lows following a slowdown in US oil drilling activities, but analysts say volatility is likely to continue for some time.
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