Sensex, Nifty maintain uptrend; TCS, SBI, Tata Steel up 2%

The market continued to see buying interest amid consolidation. The Sensex gained 118.88 points at 27997.15 and the Nifty rose 35.20 points to 8512.50, led by technology, pharma, capital goods and metals stocks. However, the selling in HDFC twins and ICICI Bank capped the upside. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.6 percent and 0.9 percent, respectively. About 1418 shares have advanced, 515 shares declined, and 83 shares are unchanged on the Bombay Stock Exchange. Infosys, TCS, SBI and Tata Steel topped the buying list on Sensex, up 2 percent each while Cipla (down 1.3 percent) and GAIL (down 2.6 percent) topped the selling list. HDFC, HDFC Bank and ICICI Bank were marginally in red.

Bharti Airtel has gained over 1! After reports suggest that the import of 4G enabled data card recorded a substantial growth of 179% during first three months of 2015. The company witnessed strong demand for fourth generation (4G) internet devices such as dongles and Wi-Fi hotspot after its announcements earlier this month of offering high-speed internet service at 3G rates.

M&M has received shareholders' approval to raise up to Rs 5,000 crore through issuance of securities on private placement basis in domestic and/or international markets. The stock is trading flat with positive bias.

Metal stocks have staged recovery in today’s trade after a sharp decline in the past sessions on the back of weak Yuan amid Chinese slowdown. Tata Steel, Vedanta and Hindalco are trading higher between 1-2%.

SBI has slipped in red in today’s trade on account of profit booking after its recent run-up on the government's revival plan including a huge capital infusion

Reliance Communications is trading with marginal gains after the company said it had received non-binding bids from a number of interested buyers for the sale of a majority stake in Reliance Infratel, its tower unit.

Adani Ports and Special Economic Zone has surged 4% action after it entered into an agreement with the Kerala government for building Rs 7,525 crore Vizhinjam seaport project.
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