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Nifty Hovers Around 8400, Sensex Firm; SBI, Tata Steel Up

The market is still holding firm with the Nifty hovering around 8400. The 50-share index is up 46.10 points or 0.5 percent at 8395.45 while the Sensex up 108.28 points or 0.4 percent at 27142.78.

GAIL, ONGC, Tata Steel, SBI and Tata Motors are top gainers while ICICI Bank, Axis Bank, Bharti Airtel, HUL and L&T are losers in the Sensex. Gold prices rose by Rs 207 to Rs 28,825 per ten grams in futures trading today as speculators enlarged their positions, tracking a firming trend overseas.

Gold for delivery in April was trading notably higher by Rs 207, or 0.72 percent, to Rs 28,825 per 10 grams, in a business turnover of 82 lots. Analysts said speculators widened their bets, tracking a firming global trend as the weakness in dollar boosted demand for the precious metals as a safe-haven, influenced gold prices in futures trade here.

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