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Nifty above 8800, Sensex firm ahead of RBI policy; SBI up

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After a few days of losing, the market has rose again ahead of Reserve Bank of India credit policy review today. The Sensex is up 114.54 points at 29236.81 and the Nifty is up 31.45 points at 8828.85. About 537 shares have advanced, 92 shares declined, and 146 shares are unchanged.

Sesa Sterlite, SBI, GAIL, Axis Bank and ONGC are top gainers in the Sensex. Among the losers are Dr Reddy's Labs, Bajaj Auto, HDFC Bank, Wipro and TCS.

The Indian rupee gained in early trade. It has opened higher by 18 paise at 61.62 per dollar versus 61.80 Monday.

The foreign institutional investors (FIIs) were net sellers to the tune of Rs 1,066.11 crore in the futures and options segment on 2 February, 2015.

According to data available from the NSE website, the FIIs net sellers of index futures to the tune of Rs 3.39 crore. The FIIs bought index options worth Rs 769.43 crore.

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