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Global cues push up. Metals shine

Markets have rallied on Wednesday morning, supported by strong global cues. Bourses are looking ahead of the Greece parliament’s vote on austerity package. Metal stocks have gained in conjunction with the rally in commodities yesterday.

At 9:54 AM, the Nifty is at 5578, up by 33 pts or +0.6%

Sterlite Industries, Hindalco, SAIL, Sesa Goa, HDFC Bank, ICICI Bank, HUL, ITC, ONGC, Dr Reddy’s Labs, Reliance Infrastructure and IDFC were pushing the market higher today.

Earlier in the day, the Sensex had jumped 111 points to 18,603.

BPCL, Bajaj Auto and Jaiprakash Associates are on the selling front.
Lanco Infra gained another 2%.
Sugar stocks are again in focus – Bajaj Hindusthan, Shree Renuka Sugars and Balrampur Chini have gone up, 2-3.5%.
Tata Coffee, Shanthi Gears, Bhagwati Banquet and Max India have jumped 2-5%.


 

 

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