Sensex, Nifty hold gains even as global markets fall; GAIL up 4%

The benchmark indices continued to trade higher thanks to gains in index heavyweight stocks such as ITC, Tata Motors and Reliance Industries even as Asian markets traded lower after Fed Chair Janet Yellen signalled at future rate hikes in US. 

At 01:26 pm, the S&P BSE Sensex was trading at 27,318, up 60 points, while the broader Nifty50 was ruling at 8,430, up 14 points. 

Side indices were racing ahead with BSE Midcap and BSE Smallcap advancing 0.4% each. 

The market breadth, indicating the overall health of the market, was positive. On the BSE, 1,382 shares rose and 1,045 shares declined. A total