The market has gone flat as the Sensex is up 89.42 points at 29184.35. The
Nifty is up 23.10 points at 8828.60. About 1257 shares have advanced, 1386
shares declined, and 199 shares are unchanged.
M&M, Bharti Airtel, ITC, HUL and Tata Steel are top gainers in the
Sensex. Among the losers are Sun Pharma, Hero Motocorp, ICICI Bank, Axis Bank
and Infosys.
Wholesale prices declined an annual 0.39 percent in January, their second
fall in three months, on the back of a sharp correction in oil prices,
government data showed. The reading for November wholesale price inflation was
revised to -0.17 percent from 0.0 percent earlier.
Oil prices steadied as Japan's economy emerged from recession and as strong demand for refined products translated into healthy orders for crude.
Japan's economy rebounded from recession in the final quarter of last year,
supporting oil prices, even though the data was weaker than expected. Analysts
said that healthy demand for refined products was also buoying crude markets.
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