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Sensex, Nifty flex muscles with gains; SBI, Hindalco up 3%

The market is still celebrating with new record highs. The Sensex is up 124.22 points or at 26484.33 and the Nifty is up 33.65 points at 7924.75. About 1403 shares have advanced, 1071 shares declined, and 80 shares are unchanged.

11:00

The News International Team

The market is still celebrating with new record highs. The Sensex is up 124.22 points or at 26484.33 and the Nifty is up 33.65 points at 7924.75. About 1403 shares have advanced, 1071 shares declined, and 80 shares are unchanged.

SBI is up 3 percent while Hindalco is up over 2 percent, followed by ONGC, Axis Bank and M&M.  Other losers are Sun Pharma, HDFC, Coal India, Dr Reddy’s Labs and Bajaj Auto.

Asian shares are also strong after upbeat US data sparked a record close on Wall Street.

Brent was trading below USD 103 a barrel on Friday, heading for a second weekly loss as easing geopolitical risks and higher global oil supply pressured prices.

US crude production has reached the highest in 28 years due to a shale oil boom. The Organization of the Petroleum Exporting Countries pumped more oil in July despite conflicts in the Middle East and Africa.
 

10:00

Nifty, Bank index hit record high; United Spirits falls 4%

United Spirits dropped nearly 4 percent as the National Stock Exchange has decided on Thursday to remove the stock from Futures and Options segment with effect from September 19. Earlier the exchange also decided to remove the stock from CNX Nifty from same day.

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09:12

Nifty reclaims 7900, Sensex gains; banks up, metals recoverRead More »

Axis Bank, TCS, HDFC Bank, Hero Motocorp and Tata Power are top gainers in the Sensex. Among the losers are Sun Pharma, M&M and Bharti Airtel.

Read More »

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