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Markets continue upswing. Banks and Metals shine.

Markets have continued the journey upwards, with the Sensex recording a 1% gain in the early trade. Stocks from the metals & banking sectors, have outperformed with handsome gains. Cues from the American markets, which closed higher on Friday, have also helped the markets here to sustain to their gains.

At 9:57 AM, the Nifty is at 5364, up by 39 pts or +0.8%.

Metal counters are all shining bright, after the correction seen in the past 2 trading sessions. Sterlite has moved up by 2.2% to trade at 125.70. Hindalco has seen 2.4% surge. Tata steel is also up by 1.3% to trade at 473.50. SAIL is up by 1.8
%, while Jindal steel is up by 1.3%.

Cement stocks have also gained up. Ambuja cements is up by close to 3% in today’s trade. ACC has added up 2.2% gains.

Other stocks in the green are Maruti – up by 1.2%, Reliance Infra – also up by 1.2% and HCL Tech – with 2.3% gains.

The CNX Midcap index has moved up by 1.4%.

JPAssociates is up by 3.3%. Punjlloyd is also up by 2.3%.
Real estate counter HDIL is beaming up with 5.2% gains. Cairn India is up by 2%. Crompton Greaves, Educomp, Petronet LNG – have all gained with nearly 1% gains on each counter.


 

 

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