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Sensex soars over 300 pts, Nifty up 1%; SBI gains 2%

L&T, Hero, Hindalco, Sun Pharma and SBI are top gainers in the Sensex. Among the losers are Infosys, HUL and M&M.

11:00

The News International Team

The market is firing away with hefty gains on hopes of favourable agreements with visiting Chinese President Xi Jinping. The Sensex is up 316.54 points or 1.1 percent at 26947.83 and the Nifty is up 95.80 points or 1.20 percent at 8071.30. About 1901 shares have advanced, 632 shares declined, and 82 shares are unchanged.

L&T, Hero, Hindalco, Sun Pharma and SBI are top gainers in the Sensex. Among the losers are Infosys, HUL and M&M.

Shares of railways stocks surged 5-7 percent intraday Thursday riding on hopes of an upgrade as promised by Narendra Modi in his prime ministerial campaigns. The ailing sector is all set see an improvement after it joins hands with China which will help the nation build high-speed rail network and modernise railway stations.

10:00

Nifty hits 8050; Sensex, midcap, smallcap rally; Hero up 2%

The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices gaining 1 percent and 1.8 percent, respectively. About four shares advanced for every share declining on the Bombay Stock Exchange.

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09:15

Sensex up over 200 pts, Nifty above 8000; Sun Pharma gainsRead More »

Sun Pharma, Cola India, Hero and ONGC gain around 2 percent while Infosys, HUL and M&M are still losers in the Sensex.

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