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The Intraday stock market is surging ahead with
major support from banks, auto and capital goods. The Sensex is up 402.99
points or 1.5 percent at 26623.94 and the Nifty gains 115.30 points or 1.4
percent at 8066.20. About 1687 shares have advanced, 539 shares declined, and
78 shares are unchanged. Tata Motors, HDFC, ICICI Bank, L&T and TCS are top
gainers in the Sensex.
Among the losers are Maruti, Dr Reddy's Labs, Lupin, Coal India and Infosys. Oil extended gains in Asia as a decline in US drilling pointed to a slowdown in production, but concerns over demand remain after a disappointing US jobs report. Gold retained gains from its biggest daily jump in nearly nine months as weak US jobs data eased fears the Federal Reserve will hike rates this year.
Asian markets gained, taking positive lead from Wall Street. Hang Seng, Straits Times and Nikkei climbed over 1.5 percent while China is shut for holiday. The BSE Midcap and Smallcap indices soared more than 1 percent. The market breadth was positive too as about 1479 shares have advanced against 367 shares declined on the Bombay Stock Exchange.
Among the losers are Maruti, Dr Reddy's Labs, Lupin, Coal India and Infosys. Oil extended gains in Asia as a decline in US drilling pointed to a slowdown in production, but concerns over demand remain after a disappointing US jobs report. Gold retained gains from its biggest daily jump in nearly nine months as weak US jobs data eased fears the Federal Reserve will hike rates this year.
Asian markets gained, taking positive lead from Wall Street. Hang Seng, Straits Times and Nikkei climbed over 1.5 percent while China is shut for holiday. The BSE Midcap and Smallcap indices soared more than 1 percent. The market breadth was positive too as about 1479 shares have advanced against 367 shares declined on the Bombay Stock Exchange.
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