The
market is sustaining gains as the Sensex is up 107.07 points or 0.4
percent at 27039.95. The Nifty is up 22.15 points or 0.3 percent at
8175.05. About 1491 shares have advanced, 657 shares declined, and 94
shares are unchanged.
Vedanta,
Hindalco, ONGC, Bajaj Auto and Tata Motors are top gainers in the
Sensex. Among the losers are Bharti Airtel, Wipro, ICICI Bank, Dr
Reddy's Labs and L&T.
Gold
rose towards its highest in nearly two weeks on Wednesday, as more
sluggish US economic data supported views that the Federal Reserve
would delay a rate hike to next year.
Data on Tuesday showed that US exports took a hit from an ailing
global economy in August and imports from China surged, fuelling the
largest expansion of America's trade deficit in five months.
ONGC
gained 3 percent and Cairn India surged 4.5 percent after further upside in oil prices. Brent crude climbed 1 percent to USD 52.44 a
barrel and Nymex crude rose 1.6 percent to USD 49.31 a barrel on
hopes the crude supply glut may ease and the Federal Reserve may hold
rate hike.
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