The market is still holding early gains. The Sensex is up 61.13 points at 27722.53, and the Nifty is up 16.80 points at 8377.35. About 1242 shares have advanced, 589 shares declined, and 112 shares are unchanged. GAIL, Sun Pharma, Cipla, Bharti Airtel and Dr Reddy's Labs are top gainers in the Sensex. BHEL, Hindalco, Axis Bank, L&T and Coal India are among losers.
Oil prices fell in Asia as Iran and major western powers said they were closer than ever to a landmark nuclear deal that would lift sanctions and see Tehran's crude exports return to global markets. A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market.
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