Choppy Sensex stays up; Tata Motors, Dr Reddy's Labs up 3%

The BSE Sensex and NSE Nifty extended gains, rising around 0.5% each amid volatility led by oil & gas, capital goods, power, metals and select banks stocks. The Indian rupee appreciated by 11 paise to 55.83 as against the US dollar.

The BSE benchmark went up 70.55 points to 16,930.35 and the NSE benchmark was up 27 points at 5,131.05. The BSE Midcap and Smallcap indices advanced 0.8% each.

Asian markets too gained further ahead of FOMC meeting. Hang Seng rose 0.76% and Nikkei rallied 1.25%. Straits Times, Kospi and Taiwan Weighted gained 0.5% each while Shanghai was flat.

Back home, top commercial vehicle maker Tata Motors and drug maker Dr Reddy's Labs topped the buying list, rising 2.6% and 3%, respectively.

Country's largest lenders State Bank of India and ICICI Bank were up 0.76% and 1.17%, respectively. However, HDFC Bank fell 0.56%.

Engineering and construction major by sales Larsen & Toubro jumped over 1% and state-owned capital goods company BHEL was up 2%.

Oil & gas producers ONGC and Reliance Industries moved up 1.7% and 0.46%, respectively.

Among metals and mining stocks, Jindal Steel shot up over 2% and Tata Steel gained 1.3% whereas Coal India dropped 1.5%.

However, shares of cigarette major ITC, software services exporter TCS and top telecom operator Bharti Airtel were down 0.5-1%.