Nifty inches towards 8400, Sensex firm; Tata Motors up, ITC down

Equity benchmarks held early gains with the Nifty inching towards 8400, tracking positive Asian cues. Oil, auto, banks, infra and pharma stocks supported the market while FMCG was under pressure.
The Sensex rose 167.51 points or 0.62 percent to 27312.42 and the Nifty climbed 45.50 points or 0.55 percent to 8373.85. The broader markets marginally outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.7 percent and 0.9 percent, respectively.
About three shares advanced for every share declining on Bombay Stock Exchange.
Tata Motors topped buying list, up more than 3 percent after strong JLR sales data in US while ITC fell nearly 2 percent on profit booking.


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