Nifty inches towards 8750, Sensex up

The market is climbing gradually as the Sensex is up 75.27 points or 0.3 percent at 28298.97 and the Nifty is up 32.05 points or 0.37% at 8738.45. 

 

About 1579 shares have advanced, 893 shares declined, and 197 shares are unchanged. SBI, Tata Motors, BHEL, Tata Steel and Adani Ports are top gainers while Reliance, HUL, HDFC Bank, Cipla and Sun Pharma are major losers in the Sensex. European stocks were higher with investor sentiment buoyed by higher oil prices and a rally in the banking sector. 

 

The pan-European Euro Stoxx 600 index was higher with all sectors and major bourses in positive territory. Deutsche Bank shares rose 3 percent, bouncing back after several sessions of heavy selling. This comes after it was asked to pay a settlement by the US Department of Justice and speculation that it was seeking help from the German government.

 

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