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.appsmine.org
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