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Indian stock market positive at intra-day trade but cautious about US Fed policy

India Blooms News Service | | Jan 27, 2016, at 08:01 pm

#Indian stock market # stock market

Mumbai, Jan 27 (IBNS): The Indian stock market is in the positive zone during the intra-day trade but is cautiously awaiting the policy decision to be taken by the US Federal Reserve (US Fed) later on Wednesday.

The Sensex was up 78.79 points at 24564.74 while the Nifty was up 22.55 points at 7458.70 around 1.30pm.

NTPC, Dr Reddy's Labs, Maruti, Tata Motors and GAIL are among the top gainers while BHEL, HUL, Axis Bank, Bajaj Auto and Coal India have seen their share prices dip.

After market regulator, Securities and Exchange Board of India (Sebi), approved drug discovery firm Sun Pharma Advanced Research Company (SPARC) to raise up to Rs 250 crore through a rights issue, share price of Sun Pharma went up by 1.4% on Wednesday.

Realty stocks such as NBCC, DLF, Prestige Estate, HDIL, Oberoi Realty, Unitech and D B Realty were also trading higher.

Gold prices went up by Rs 361 to Rs 26,785 per 10 grams in futures trading on Wednesday.

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