Nifty struggles to hold 8100, Sensex up; Infosys, BHEL Drag

The Market has cooled off after early morning rally. The Sensex is up 86.42 points or 0.3 percent at 26871.97 and the Nifty is up 17.55 points or 0.2 percent at 8136.85. About 1384 shares have advanced, 746 shares declined, and 88 shares are unchanged.

TataMotors, GAIL, Coal India, Cipla and Dr Reddy's Labs are top gainers in the Sensex. Among the losers are BHEL, Infosys, HDFC twins and Bajaj Auto.

Oil prices held above USD 46 a barrel in Asia today ahead of a report on US commercial crude inventories, a closely watched indicator of demand in the world's top consumer.

A decline in US drilling activity has supported prices recently, fuelling hopes a fall in production would help ease the global crude supply glut.

Crippling economic sanctions imposed by the west on Iran have restricted the country's oil exports, but its compliance to the terms of a landmark agreement reached in July could see the sanctions lifted.

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