Sensex holds 27000 amid consolidation; Tata Motors most active
The market continued to be in tight range above 27000 level after pricing in RBI policy and Federal Reserve c hairperson Janet Yellen's comments in previous session.
The Sensex rose 35.48 points to 27045.15 and the Nifty advanced 3.20 points to 8269.65. The broader markets marginally outperformed benchmarks, rising 0.3 percent as about 1032 shares advanced against 632 declining shares on Bombay Stock Exchange.
Tata Motors was the most active stock on BSE after brokerages maintained overweight rating on the stock, saying Jaguar F-Pace, XF & XJ and Discovery Sport will drive further growth.
The Indian rupee opened flat at 66.78 per dollar against previous close of 66.77. The dollar fell to a one-month low on speculation that the Federal Reserve isn't going to raise rates any time soon.
Asian markets wavered, following a modest finish in US stocks, but the energy sector got a boost on rising oil prices.