The market is gradually inching towards 8500-mark. The 50-share index is up 17.35 points at 8470.40 and the Sensex is up 58.64 points at 28079.51. About 1437 shares have advanced, 719 shares declined, and 134 shares are unchanged. Bajaj Auto, M&M, Hero, Sun Pharma and Bharti Airtel are top gainers in the Sensex. Among the losers are HDFC Bank, Coal India, Infosys and Tata Motors. The dollar stayed bid early in Asia as the market geared up for a deluge of US data that could back expectations for the Federal Reserve to lift interest rates sooner rather than later.
The euro, meanwhile, remained under a cloud with Greece's debt crisis unlikely to be resolved before Sunday's referendum. Prime Minister Alexis Tsipras urged Greeks to reject an international bailout deal, souring hopes of any breakthrough. Investors will be fed a heavy diet of US data from durable goods to nonfarm payrolls ahead of a holiday on Friday, in observance of the July 4 Independence Day.
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