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Markets on move. Metals & Bank shine

Markets have seen fresh buying in many sectors post the interim budget. This has caused the indices to move further northwards.

The NSE Nifty is up by 19.60 at 6093 while the BSE Sensex is moving up by 64 points with the index at 20525.

metal stocksStocks that have been pulling up the markets are JSW Steel – which has gained 2.2%. Tata Steel is also moving up by 0.5%.

Ranbaxy from the pharma space is showing above the hoods with 1.3% gains at 350.

Banking and Financials space is buzzing up with HDFC, Bank of Baroda, Kotak Bank and PNB – all moving up with more than 1.3% gains. Midcap banking stocks have also shown buying interest. Dena Bank, Andhra Bank and Canara Bank have all seen over 1% gains.

Two wheeler manufacturer Hero Motoco is up by 1%. BHEL is also up by 1.3% trading at 149.55

However GAIL is on the losing side with 2% cuts on the counter. ONGC is also trading below yesterday’s close with 1.5% decline. DLF and Tata power are also down.


 

 

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