The market is still holding up gains as the Sensex is up 333.26 points or 1
percent at 27459.83 and the Nifty is up 93.25 points or 1 percent at 8252.55.
About 1621 shares have advanced, 981 shares declined, and 101 shares are
unchanged.
Coal India, Reliance and Sesa Sterlite are up 3 percent. Wipro and ICICI
Bank are top gainers in the Sensex. Among the losers are Bhati Airtel, HUL,
ITC, Cipla and Sun Pharma.
Coal ministry released approach paper, seeking comments from public on rules
for auctioning of coal mines. The government has also constituted a panel,
which will meets on December 19, to discuss the draft rules. The Supreme Court
scrapped all coal blocks allocated since 1993 after ruling the selective
allocation process was arbitrary and illegal.
Gold prices rose by Rs 34, or 0.13 percent, to Rs 26,849 per 10 grams in
futures trade today after participants created fresh positions taking cues from
overseas markets. Analysts said fresh positions built-up by speculators inline
overnight gains in overseas markets, where gold rebounds from two-week low on
signs of rising physical demand, mainly led to a rise in gold futures. More
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