The market maintains its uptrend with support from global
cues. The Sensex is up 148.73 points at 27029.55 and the Nifty is up 37.05
points at 8064.65. About 1473 shares have advanced, 1225 shares declined, and
101 shares are unchanged.
Hindalco, Tata Motors, M&M, Tata Steel and Infosys are
top gainers in the Sensex. Among the losers are, BHEL, GAIL and Sun Pharma.
Dr Reddy's is under pressure on disappointing September
earnings. Its topline missed estimates while margins declined on account of
higher R&D spends. Oriental Bank of Commerce falls 4 percent on
deteriorating asset quality in Q2.
The US Federal Reserve is expected to shutter its
bond-buying programme, closing one controversial chapter in its crisis response
even as it struggles to manage a full return to normal monetary policy.
The Fed is likely to announce at the end of a two-day
meeting that it will no longer add to its holdings of Treasury bonds and
mortgage-backed securities, halting the final USD 15 billion in monthly
purchases under a program that at its peak pumped USD 85 billion a month into
the financial system.
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