The market is rising gradually with support from pharma and oil & gas. The Sensex is up 69.81 points or 0.3 percent at 23778.96 and the Nifty is up 18.95 points or 0.3 percent at 7229.70. About 1276 shares have advanced, 686 shares declined, and 111 shares are unchanged.
HUL, Bharti, Sun Pharma, Reliance and Lupin are top gainers while ITC, Maruti, Adani Ports, Wipro and BHEL are major laggards in the Sensex.
Our research analyst says he continues to be 'underweight' and defensive on Indian market on worries over growth and earnings. Adhering to the fiscal consolidation is very important for the Finance Minister, Joshi says in an interview to CNBC-TV18. "Earnings revision is kind of key than the Budget,"
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