Sensex pares early gains, up 41.82 points at 26,827.37…. :o

10.07 am: Sensex pares early gains, up 41.82 points at 26,827.37. Nifty was up 3.60 points at 8,122.90. Jefferies initiates on Ambuja Cements and UltraTech Cement with “buy” ratings. The stocks of Ambuja Cements were down 1.12 per cent at Rs 207.90. Ultratech Cements shares were down 1.40 per cent at Rs 2778.00.

9.46 am: The Indian rupee strengthened by four paise to 65.25 against the dollar in early trade on sustained selling of the US currency by exporters and banks amid firm equity markets. Sensex was up 116.04 points at 26,901.59. Nifty was up 28.50 points at 8,147.80 during the same time.

9.29 am: Sensex was up 116.19 points at 26,901.74. Nifty was up 20.25 points at 8,139.55. Coal India shares were trading 0.64 per cent up at Rs 331.60 and NTPC gained 1.33 per cent at Rs 129.10 after Credit Suisse upgraded their shares to “outperform” from “neutral” on power distributors’ restructuring.

9.22 am: Sensex up 95.54 points at 26,881.09. Nifty up 30.85 points at 8,150.15. S&P BSE Healthcare was up 0.95 per cent and BSE Realty was up 0.56 per cent. Tata Motors was trading 2.24 per cent up at Rs 322.25

The Sensex regained the 27,000 mark by climbing about 225 points in early trade on Tuesday following continued buying by participants amid a firming trend in global markets.

Dr Reddy, Tata Motors, Sun Pharma, GAIL, Lupin, Coal India, Tata Steel, Hind Unilever, NTPC, SBI, ICICI Bank and ONGC were among major gainers.

Asian stocks on Tuesday got a boost from the prospect of a delay in the US Federal Reserve’s plan to raise interest rates and signs of some stability in oil and commodity markets.

US stocks jumped on Monday, with the S&P 500 rising for the fifth day in a row, as rising oil prices boosted energy stocks and investors bet the Federal Reserve would not raise interest rates this year. Japan’s Nikkei share average rose to a 2-1/2-week high on Tuesday as expectations that the U.S. Federal Reserve will wait longer to raise interest buoyed investors’ risk appetites.

Britain’s top share index rose nearly 3 per cent on Monday, with a surge in Glencore after a volatile week leading mining companies higher.

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