The market is in green after seven consecutive sessions of losses. The Sensex is up 238.31 points at 28465.70 and the Nifty is up 75.00 points at 8601.35. About 1511 shares have advanced, 626 shares declined, and 174 shares are unchanged.
Hindalco, ICICI Bank, SBI, Tata Motors and BHEL are top gainers in the Sensex. Among the losers are Sun Pharma, Wipro, TCS, Hero and Bharti Airtel.
Meanwhile, it is landslide win for the Aam Aadmi Party in Delhi. The party is set to win over 60 of the 70 seats with nearly 54 percent of the vote share in Delhi elections. BJP concedes defeat while Congress is on the way to a historic complete rout.
Globally, Asia is mixed as tensions of Greek debt negotiations weighed along with geo-political tensions re-emerging in Ukraine. Fresh Chinese inflation data also added to concerns. The consumer price index rose 0.8 percent in January for China versus a consensus of a 1 percent gain. The producer price index (PPI) fell 4.3 percent worse than the 3.8 percent expected decline.
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