Lupin, ITC, Sun Pharma, HUL and Dr Reddy's Labs are top gainers in the Sensex while Infosys, Vedanta, Tata Steel, GAIL and ONGC are among laggards.
The market is consolidating for another day. The Sensex is down 44.66 points at 27886.98 and the Nifty is down 27.50 points at 8467.65. About 960 shares have advanced, 1547 shares declined, and 102 shares are unchanged. Lupin, ITC, Sun Pharma, HUL and Dr Reddy's Labs are top gainers in the Sensex while Infosys, Vedanta, Tata Steel, GAIL and ONGC are among laggards. Gold prices rose Rs 174 to Rs 26,370 per 10 grams in futures trading today as speculators widened positions amid a firming trend overseas. Marketmen said a firming trend in the global markets where gold advanced the most in three months as prospects dimmed for a US interest rate increase in September, boosting the metal's allure, influenced gold futures. Oil prices slid to a fresh six and a half year low in Asia , approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut.
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