Uptrend in the sharemarket continues with strong support from infra, oil & gas, metals and IT stocks. The Sensex is up 206.64 points or 0.76 percent at 27233.34 and the Nifty is up 55.95 points or 0.69 percent at 8142.80. About 1758 shares have advanced, 696 shares declined, and 79 shares are unchanged.

ONGC, Hindalco, HUL, Bajaj Auto and Sun Pharma are top gainers in the Sensex. Among the losers are Maruti, Tata Power, M&M and Tata Motors. Goldman Sachs has raised Nifty’s target to 9,000 points for September 2015. Its previous target was 8,600 points for June 2015. Goldman says earnings sentiment remains positive for the overall market.

The Reserve Bank of India was seen buying dollars via state-run banks to prevent further appreciation in the rupee. State-run banks started buying dollars aggressively likely on behalf of the central bank when the rupee hit around 60.20 levels, the strongest since July 30, traders said. The rupee strengthened after U.S. monthly jobs data on Friday was weaker than expected.

coustery : http://www.moneycontrol.com/news/local-markets/sensex-nifty-continue-to-rally-mm-tata-power-drag_1173193.html