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The Intraday market continues its uptrend in first session
after the auspicious Mahurat trading. The Sensex is up 106.15 points at
26957.20 and the Nifty is up 49.80 points at 8064.35. About 498 shares have
advanced, 116 shares declined, and 27 shares are unchanged. Dr Reddy's Labs,
TCS, BHEL and HUL are top gainers in the Sensex. Among the losers are Wipro,
GAIL, Cipla and Sun Pharma.
The Indian rupee opened higher by 11 paise at 61.17 per
dollar versus 61.28 Wednesday. The euro held firm in early trade after the
European Central Bank's stress tests found smaller capital shortfalls among
European Banks than expected. Traders will be looking to Germany's IFO business
sentiment index due later today.
US stocks climbed on Friday, with Wall Street derailing a
four-week slide with its best week this year, Brent crude slipped below USD 86
a barrel amid abundant supply and weak demand. And in metals space, gold edged
lower as rallying equity markets and strong us economic data dented demand for
the precious metal as an insurance against risk.
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