NIFTY RECLAIMS 8,650; SENSEX UP 200 POINTS

The market saw major buying interest in last couple of hours of trade today. The Sensex rallied 244.32 points or 0.86 percent to 28504.46 and the Nifty climbed 73.65 points or 0.86 percent to 8659.90.
Sun Pharma, Dr Reddy’s Lab, M&M, ONGC and Cipla are the top 5 gainers on the Sensex and are trading higher between 2.5-6.5%.
Further, foreign institutional investors were net buyers in equities to the tune of Rs 210 crore on Wednesday. 
The Indian rupee was trading higher 62.17 to the US dollar compared to Tuesday's close of 62.50. The forex
All sectoral indices on the BSE except IT were in the green led by BSE Healthcare index up 3.3% followed by FMCG, Consumer Durables, Auto, Oil and Gas among others. The IT index was down 0.4%.
Consumer Durables and FMCG shares firmed up on expectations that the government will move the GST Constitutional Amendment Bill in the Lok Sabha soon.  From the consumer durables pack, PC Jeweller, TTK Prestige, Titan, Bajaj Electricals, Whirlpool are trading higher between 0.5-4%. FMCG major ITC and Hindustan Unilever were up over 2% each.
Sun Pharma was the top gainer up over 6% following the completion of the merger of Ranbaxy Laboratories with itself. Further, trading was suspended in Ranbaxy Labs following the merger process.
Dr Reddy's Labs was up 1.5% after local brokerage Karvy raised the price target by 5.8% to Rs 3,915 rupees with a 'buy' rating. Cipla was up 3.2%.
Mahindra and Mahindra’s (M&M) South Korean subsidiary SsangYong Motor has sold a total of 12,870 units in March 2015 - 7,719 units in domestic sales and 5,151 in exports. The stock is up nearly 3%.
However, SBI was trading up 0.6% after the state-owned bank raised capital by allotting 10.04 crore shares on preferential basis to Government of India at Rs 295.59 per equity share.
Bajaj Auto’s bike sales were down by 22 per cent in March 2015 to stand at around 2.1 lakh units versus 2.7 lakh units in the same month of 2014.  The stock is trading 0.3% lower.
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