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The Intraday Stock market rebounded nicely after a
correction in previous three consecutive sessions. The Sensex rallied 146.63
points to 26926.29 and the Nifty rose 45.60 points to 8153.50. The market
breadth was positive as about 589 shares advanced against 128 declining shares
on the BSE.
Vedanta, Hindalco, Tata Motors, Tata Steel, L&T, Zee Entertainment and Kotak Mahindra Bank gained 1-2 percent. HUL and Bharti Airtel lost ground. The Indian rupee gained in the early trade today. It has opened higher by 29 paise at 64.75 per dollar versus 65.04 Wednesday.
Intraday Markets have broken three day losing streak and have started positive tracking firm Asian cues after weak US economic data buoyed the sentiments that the US Federal Reserve will not hike interest rates in near term. Further, strong buying among financials and metal shares is also leading the up move. The Sensex was higher by 236 points at 27,016 and the Nifty gained by 72 points at 8,180 levels.
Vedanta, Hindalco, Tata Motors, Tata Steel, L&T, Zee Entertainment and Kotak Mahindra Bank gained 1-2 percent. HUL and Bharti Airtel lost ground. The Indian rupee gained in the early trade today. It has opened higher by 29 paise at 64.75 per dollar versus 65.04 Wednesday.
Intraday Markets have broken three day losing streak and have started positive tracking firm Asian cues after weak US economic data buoyed the sentiments that the US Federal Reserve will not hike interest rates in near term. Further, strong buying among financials and metal shares is also leading the up move. The Sensex was higher by 236 points at 27,016 and the Nifty gained by 72 points at 8,180 levels.
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