Accurate Tips & Intraday Live Updates; Sensex gains 321 pts, Nifty closes above 7600

Today The Intraday market managed to hold hefty gains supported by financials. The Sensex was up 321.07 points or 1.27 percent at 25549.72 and the Nifty gained 97.75 points or 1.3 percent to end at 7624.40. About 1977 shares advanced, 970 shares declined, and 99 shares were unchanged. ICICI Bank rallied 5 percent. Hindalco, Axis Bank, Sesa Sterlite and BHEL were other top gainers in the Sensex. Among losers were Bajaj Auto, GAIL, Cipla, Dr Reddy's and Wipro.

Stocks rose in Europe after China reported economic growth figures that were slightly stronger than markets had expected, although the reaction in Asia was more muted. The world's second largest economy expanded at a 7.5 percent annual pace in the second quarter, the statistics bureau said, just beating the 7.4 percent median forecast in a Reuters poll.
Bajaj Finserv's first quarter (April-June) consolidated net profit rose 15.5 percent year-on-year to Rs 319.4 crore from Rs 279 crore and total income grew 28.6 percent to Rs 1,629 crore from Rs 1,270 crore during the same period. Huge short covering and long build up in banks and oil & gas stocks helped the Sensex rise 324.77 points or 1.29 percent to 25553.42

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