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Sensex, Nifty, Midcap extend rally :-
The Indian Stock Market extended gains in noon trade, supported by technology, auto, FMGC, select banks & oil stocks. Positive momentum in Asia too lent support to the market. The Sensex climbed 178.66 points to 28695.25 and the Nifty jumped 52.60 points to 8712.90 while the BSE Midcap and Smallcap indices gained 1-1.6 percent.
About 1630 shares have advanced, 752 shares declined, and 171 shares are unchanged on the Bombay Stock Exchange. Coal India continued to see buying interest, rising more than 5 percent. The S&P BSE Sensex rallied over 200 points in trade on Wednesday to reclaim its psychological level of 28700, led by gains in Infosys BSE 1.60 %, RILBSE 3.05 %, Coal India, TCSBSE 1.97 % and ITCBSE 1.45 %.
Tracking the momentum, the 50-share Nifty index was also trading above its crucial psychological level of 8700, supported by gains in consumer durable, FMCG, IT, metal and oil & gas stocks.Besides, lowering of base rates by SBI, ICICI Bank and HDFC Bank influenced trading sentiments, they added.
Among other Asian markets, Hong Kong's Hang Seng index was up by 1.71 percent, while Japan's Nikkei gained 0.45 percent in early trade.The Indian market continued to see buying interest led by Reliance Industries. Technology, FMCG and banks also supported the market.
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Sensex, Nifty, Midcap extend rally :-
The Indian Stock Market extended gains in noon trade, supported by technology, auto, FMGC, select banks & oil stocks. Positive momentum in Asia too lent support to the market. The Sensex climbed 178.66 points to 28695.25 and the Nifty jumped 52.60 points to 8712.90 while the BSE Midcap and Smallcap indices gained 1-1.6 percent.
About 1630 shares have advanced, 752 shares declined, and 171 shares are unchanged on the Bombay Stock Exchange. Coal India continued to see buying interest, rising more than 5 percent. The S&P BSE Sensex rallied over 200 points in trade on Wednesday to reclaim its psychological level of 28700, led by gains in Infosys BSE 1.60 %, RILBSE 3.05 %, Coal India, TCSBSE 1.97 % and ITCBSE 1.45 %.
Tracking the momentum, the 50-share Nifty index was also trading above its crucial psychological level of 8700, supported by gains in consumer durable, FMCG, IT, metal and oil & gas stocks.Besides, lowering of base rates by SBI, ICICI Bank and HDFC Bank influenced trading sentiments, they added.
Among other Asian markets, Hong Kong's Hang Seng index was up by 1.71 percent, while Japan's Nikkei gained 0.45 percent in early trade.The Indian market continued to see buying interest led by Reliance Industries. Technology, FMCG and banks also supported the market.
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