The market remained in a positive terrain, aided by FMCG, oil, capital goods, select banks and pharma stocks. The Sensex gained 125.39 points or 0.45 percent at 27929.76 and the Nifty rose 33.20 points or 0.40 percent to 8414.75. State-run power equipment maker BHEL extended rally, up 5 percent. FMCG major Hindustan Unilever gained more than 3 percent on reports that the company may buy Kerala-based ayurvedic hair and skin care brand Indulekha for Rs 500 crore. Shares of ICICI Bank, Sun Pharma and Lupin climbed more than 2 percent.
However, Hindalco Industries, Tata Steel and Mahindra & Mahindra are leading laggards. Sun TV Network is one of the top five most active stocks, down 10.5 percent. Reports in the media on Tuesday suggested the Prime Minister's Office is in sync with Home Ministry's view of not allowing Sun TV licence renewal. HDFC, Reliance Industries, ITC, Aurobindo Pharma, Sun Pharma and ICICI Bank are most active shares on exchanges.
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