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Today The intraday market gained strength in last hour of trade.
The Sensex climbed 129.63 points to 25953.38 and the Nifty rose 33.65 points at
7748.45 supported by Reliance Industries and HDFC Bank that rallied over 2
percent.
The Goods and Services Tax (GST) rollout in the forthcoming Budget will be a game changer for the ply board industry, mostly as it falls under the unorganized sector, which comprises 70 percent of the overall market. Equity benchmarks remained in a tight range with the Nifty holding 7700 level. The index rose 1.10 points to 7715.90 and the Sensex climbed 11.15 points to 25834.90.
The Goods and Services Tax (GST) rollout in the forthcoming Budget will be a game changer for the ply board industry, mostly as it falls under the unorganized sector, which comprises 70 percent of the overall market. Equity benchmarks remained in a tight range with the Nifty holding 7700 level. The index rose 1.10 points to 7715.90 and the Sensex climbed 11.15 points to 25834.90.
Dr Reddy's Labs, HDFC Bank, Bharti Airtel, Infosys, Axis
Bank, Asian Paints and DLF were prominent gainers among largecaps, up 0.8-1.7
percent. However, Sesa Sterlite, Wipro, Larsen & Toubro, Hindalco, Tata
Steel, ACC, Jindal Steel, PNB and United Spirits lost 0.8-1.6 percent on profit
booking.
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