Free Indian Stock Market Trend Analysis

Indian mining and energy group Vedanta Ltd made a $2.3 billion offer on Sunday to buy out minority shareholders
in its cash-rich oil unit Cairn India Ltd, a deal that helps parent Vedanta Resources Plc repay hefty debts.

India's industrial production output grew more than expected in April, reaching a two-month high, and retail
inflation edged up in May, easing concern over an economy facing the worst drought since 2009.

The market is still holding up its early morning gains. The Sensex is up 161.67 points or 0.6 percent at 26586.97, and the Nifty up 43.45 points or 0.5 percent at 8026.35. About 1097 shares have advanced, 575 shares declined, and 102 shares are unchanged. Sun Pharma, L&T, HDFC, M&M and BHEL are top gainers in the Sensex. Among the losers are Infosys, NTPC, TCS, Vedanta and GAIL.

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