The market is in the red as the Sensex is down 15.84 points at 28518.13. The Nifty is up 5.30 points at 8632.70. About 1407 shares have advanced, 828 shares declined, and 203 shares are unchanged.
Maruti, Hindalco, Dr Reddy’s Labs, Hero Motocorp and GAIL are top gainers in the Sensex. Among the losers are ITC, SBI, Bharti, Coal India and Sesa Sterlite.
Oil prices edged higher but gains were capped owing to concerns about surging stockpiles in the United States, the world’s top consumer, analysts said. US benchmark West Texas Intermediate for March delivery rose 64 cents to USD 49.48 while Brent crude for March gained 34 cents to USD 55.00 in mid-morning trade.
Oil prices have been under pressure for months, plunging about 60 per cent to just over USD 40 a barrel between June and the end of January.
Globally, Asian markets are mixed today as investors continue to monitor negotiations between Greece and its Euro zone creditors.
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