Sensex, Nifty firm; Asian Paints, TCS, Bajaj Auto top gainers

The market continues to maintain gains as the Sensex is up 173.32 points or 0.6 percent at 26477.95 and the Nifty is up 59.25 points or 0.7 percent at 8167.70.

About 1366 shares have advanced, 1077 shares declined, and 136 shares are unchanged.

Asian Paints, TCS, Bajaj Auto, M&M and Hero MotoCorp are top gainers while Dr Reddy’s Labs, ITC, Lupin, Cipla and GAIL are losers in the Sensex.

Reserve Bank is likely to go for a 25 bps rate cut this fiscal as it is all set to easily achieve the inflation target in view of the Centre’s demonetisation move that may put additional downward pressure on prices, says a report.

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