The market continues its consolidation as corporate India kick starts first quarter earnings today. The Sensex is up 33.24 points at 27720.96 and the Nifty is up 7.20 points at 8370.25. About 1488 shares have advanced, 687 shares declined, and 117 shares are unchanged. BHEL and Bharti are up 3 percent while L&T, Hero and Hindalco are top gainers in the Sensex. Among the losers are TCS, Bajaj Auto, Tata Motors, Infosys and Vedanta. Oil prices rose in Asia but remain subdued by concerns about the impact on demand from the stock market rout in China and Greece’s debt crisis. Chinese stocks have taken a severe beating after government measures failed to staunch the bloodletting that has wiped out around a third of China’s main share market in under a month. Shanghai stocks traded wildly this morning, as the government beefed up the measures to arrest the stock market slump in the world’s top energy consumer.

Source: http://www.moneycontrol.com/news/local-markets/nifty-struggles-below-8400-sensex-flat-bhel-bharti3_1872221.html

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