The market is in high spirits on Fed move. The Sensex is up 334.17 points or 1 percent at 28956.29 and the Nifty is up 93.10 points or 1 percent at 8779.00. About 1439 shares have advanced, 553 shares declined, and 143 shares are unchanged. GAIL, Axis Bank, Sun Pharma, HDFC and L&T are top gainers while NTPC is still down.
The only laggard was the Nikkei which slipped 1.1 percent in reaction to a rising yen.
Gail India is the top gainer - up 2.7 per cent at Rs 392. Axis Bank has jumped 2.5 per cent at Rs 593. Hindalco has spurted nearly 2 per cent at Rs 136.
Tata Steel, Wipro, TCS, Sesa Sterlite and Larsen & Toubro are the other prominent gainers.
The defensive stocks are gaining in the morning trades. Dr Reddy’s Lab, Wipro, Sun Pharma, HUL, ITC, TCS and Cipla are up between 0.3-1.5%.
HCL Technologies and Tech Mahindra are trading lower up to 1% as both the companies have fixed March 20, 2015 as record date for the purpose of ascertaining the entitlement of the members for the issue of bonus shares in the ratio of 1:1 i.e. one equity share for every one equity share held.
Country's largest private sector lender ICICI Bank today said it has sold its profit making Russian subsidiary ICICI Bank Eurasia Limited Liability Company (IBEL) to Sovcombank -- marking its exit from Russia. The stock is up over 1.5%. Also, Axis Bank, HDFC Bank and SBI are up between 0.5-1.5%.
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