Nifty still above 8250; auto, FMCG, metals lend support

Benchmark indices continue to see buying interest with the Nifty still above 8250. 

The 50-share index is up 37 points or 0.4 percent at 8273.05 and the Sensex is up 135.56 points or 0.5 percent at 26862.11.

Tata Motors, Adani Ports, GAIL, Wipro and HDFC Bank are top gainers while Axis Bank, Dr Reddy's labs, HDFC, Bharti and Maruti are losers in the Sensex.

Indian equity markets are expected to move in a narrow range during the year and the benchmark Sensex is likely to touch 29,000 by the end of 2017, says a Deutsche Bank report.

According to Deutsche Bank's India Equity Strategy Report, 2017 is expected to be a year of uncertainty and the market is likely to be volatile and uncertain in the first half and recover in the second half.

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