Sensex Up 100 Pts, Nifty Holds 8150; Sun Pharma, ICICI Gain

The market gained further on Thursday morning with the Sensex rising 118.08 points to 26958.58 and the Nifty climbing 28.30 points to 8152.75. About 512 shares have advanced, 102 shares declined, and 66 shares are unchanged on the BSE. ICICI Bank, Sun Pharma, Vedanta, Axis Bank, Hero Motocorp and Ambuja Cements gained 1-1.5 percent while Tata Motors, Tata Steel, NTPC, HDFC Bank, GAIL, Cairn India, HCL Technologies, Tech Mahindra and Dr Reddy's Labs were top losers in early trade. Meanwhile, the Indian economy has improved on all fronts and the government's coffers are ringing.

The indirect tax collections jumped by a whopping 40 percent in just the first 2 months of this fiscal and the reserve bank made the highest ever quarterly reserves of over USD 30 billion in just the first three months of this calendar year.

The Indian rupee has opened higher at 63.81 per dollar today against previous day's closing value of 63.84 a dollar.

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