The market is still under pressure. The Sensex is down 56.25 points at
27120.74 and the Nifty is down 12.50 points at 8201.30. About 1264 shares have
advanced, 1192 shares declined, and 157 shares are unchanged.
ICICI Bank and Maruti are up 3-4 percent while BHEL, Hero Motocorp and Tata
Motors are top gainers in the Sensex. Among the losers are ITC, GAIL, ONGC,
L&T and Bharti Airtel.
Japan's Nikkei share average rose helped by hopes of better shareholder
returns after Fanuc Corp doubled its dividend payout ratio, but gains were
limited ahead of a two-day US Federal Reserve's policy meeting. The Nikkei 225
ended 0.4 percent higher to 20,058.95. Oil fell more than 1 percent ahead of
weekly US crude inventory data that is expected to hit another high and as
Saudi Arabia pledged to supply more oil to China if needed.
US commercial crude stockpiles were expected to have risen last week for the
16th straight week, up from a record 489 million barrels, even though drilling
activity fell, a preliminary survey by Reuters showed on Monday.
Comments from top Saudi oil officials on Monday reiterated the country's
position of keeping production high to meet demand as it maintains its market
share. For more information please visit this site www.bigprofitbuzz.com
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