The market continues to rally supported by capital goods, oil & gas and pharma stocks. The Sensex is up 153.26 points or 0.6 percent at 26578.56 and the Nifty is up 36.00 points or 0.4 percent at 8018.90. About 1207 shares have advanced, 806 shares declined, and 135 shares are unchanged. Sun Pharma, M&M, L&T, Wipro and Reliance are top gainers in the Sensex. Among the losers are Infosys, SBI, NTPC, Vedanta and GAIL.
Meanwhile, foreign investors have pulled out over Rs 4,700 crore from the Indian capital markets in first two weeks of the month, primarily on account of attractiveness of its Asian peers, worries over a slow revival in corporate earnings and continued worries over taxation issues. The debt market has seen steeper outflows than equities. The net outflow by foreign portfolio investors (FPIs) from equities stood at Rs 1,310 crore during June 1-12, while the same for the debt markets was at Rs 3,431 crore taking the total to Rs 4,741 crore, shows latest data from depositories.
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