The market is in green territory but weak banks are exerting pressure. The Sensex is up 19.99 points at 27029.66, and the Nifty up 0.20 points at 8266.65.
About 1303 shares have advanced, 749 shares declined, and 134 shares are unchanged. Capital Goods are lending support to the market. Bharti Airtel, BHEL,
Hero MotoCorp, ICICI Bank and ONGC are top gainers while Asian Paints, Coal India, Infosys, HDFC Bank and Lupin are losers in the Sensex. Defence stocks like Walchandnagar, Nelco are gaining as PM Modi says the govt will explore simpler & more efficient project licensing approach for defence.
Oil prices rose for a third day to their highest in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in US crude inventories, worries about attacks on Nigeria's oil industry and strong Chinese demand.
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