Market continues uptrend, Sensex above 29000; RIL up 3%

Epic Update Reliance Industries
Epic Update Reliance Industries

Equity benchmarks clocked key milestones in early trade on Monday, with the Sensex rebounding to its 29000-mark.

The 30-share Sensex was up 188.02 points at 29020.47 points, while the Nifty was up 53.60 points at 8951.15.

The market breadth continued to remain healthy as 1,369 shares advanced, 634 shares declined, while 96 shares remained unchanged.

Reliance, NTPC and Eicher Motors were the top gainers on both the indices.

Meanwhile, shares of information technology (IT) companies were under pressure, following the developments on H1-B visa front in the US. It announced that from April 3 it would temporarily suspend the ‘premium processing’ of H-1B visas that allowed some companies to jump the queue, as part of overall efforts to clear the backlog.

Infosys and TCS were down over 1.25 percent intraday, while Wipro was lower by 0.62 percent. HCL Tech, meanwhile, gained around 0.20 percent.
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