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Nifty inches towards 8900, Sensex up; Cipla, Hero gain

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The Sensex is up 117.23 points at 29437.49 and the Nifty gains 30.75 points at 8899.85. About 1042 shares have advanced, 358 shares declined, and 133 shares are unchanged.

Tata Motors, Cipla, Maruti, Bharti Airtel and M&M are top gainers in the Sensex. Among the top losers are Dr Reddy's Labs, Wipro, Hindalco, Coal India and ITC.

Global markets are mixed following the release of minutes from the Federal Reserve's recent meeting.

European markets finished higher with investors reacting to a slew of earnings and the negotiations surrounding Greece’s bailout program.

Asian markets are trading quite barring the Nikkei that hit a fifteen-year high following better-than-expected export data. Markets in China, Hong Kong, South Korea, Taiwan, Singapore, Malaysia and Indonesia are shut for the holiday.

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