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Markets move to green. HDFC, IDFC rise.

Markets have moved to the green after a sluggish start in the early trades. Banking & financials, Tech and Oil stocks were the stocks in demand.

The Nifty index rose 17.5 points to 5,380.90. The Sensex gained 65 points at 17,831.71.

Housing finance company HDFC and infrastructure financing company IDFC have seen a surge of more than 2%. ICICI Bank, from the private banking space, has moved up 0.8% while the HDFC Bank is flat. PSU banking major State Bank of India remained flat after recovery.

Tech Major TCS extended gains to 1.5% while its rival Infosys rebounded with 0.5% gains.

PSU stocks caught in bull grip ahead of cabinet committee on political affairs meeting today evening. GAIL surged 2% while BHEL and NTPC gained 1% each. Oil & gas producer ONGC rose 0.4%. Oil retailers BPCL, HPCL and IOC rallied 1.6-2.8% on hopes of likely fuel price hike.

LT, Hindustan Unilever, M&M and Tata Steel were down 0.5% each.



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