2 September 2014

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Equity benchmarks maintained northward journey amid consolidation with the Nifty hitting 8050 level supported by telecom, healthcare, banks and heavyweights. The Sensex rose 61.40 points to 26928.95 and the Nifty advanced 24.20 points to 8051.90. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.6 percent and 0.8 percent, respectively. About 1388 shares have advanced, 645 shares declined, and 74 shares are unchanged.

Shares of Cipla touched record high at Rs 575.20 per share, up 8.5 percent intraday as it launched generic drug used for treatment of asthma and chronic obstructive pulmonary disease in Germany and Sweden.The Nifty hit a fresh record all-time high as its opened on a positive note for fourth consecutive session. All the sectoral indices, barring the IT sector, are in the green with pharmaceuticals, banks and auto leading the up move.
The S&P BSE Sensex was at 26,925.36, up 57.81 points or 0.22 per cent. It touched all-time high of 26,949.08 and a low of 26,886.22 in early trade. The BSE Midcap Index was up 0.36 per cent and the S&P BSE Smallcap Index gained 0.52 per cent. 

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