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The Indian stock market gained strength after a
day of consolidation, rising 0.8 percent led by broad based buying. The Sensex
climbed 217.44 points to 28150.34 and the Nifty rose 57.10 points to 8511.20. The
BSE Midcap index advanced 0.5 percent and Smallcap jumped 0.8 percent. Nearly
three shares advanced for every share falling on the Bombay Stock Exchange.
The equity Stock market has opened in green territory. The Sensex is up 54.63
points at 27987.53 and the Nifty is up 9.30 points at 8463.40. About 468 shares
have advanced, 100 shares declined, and 61 shares are unchanged. The Indian
rupee opened flat at 63.36 per dollar against 63.39 Tuesday.
Reliance Industries, TCS, ONGC, Tata Motors, Mahindra & Mahindra and Wipro
climbed 1-1.8 percent. ONGC, Hero Motocorp, Lupin, Coal India and Maruti are
top gainers in the Sensex. Among the losers are BHEL, HDFC twins, Hindalco and
Bharti Airtel. Crude prices gain reversing loses after Iran and six global
powers reached a landmark nuclear deal.
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