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Nifty races towards 9000; oil, pharma stocks add strength

Reliance, TCS, Sun Pharma, Cipla and Dr Reddy’s Labs are top gainers in the Sensex. Among losers in the Sensex are Coal India, M&M, Axis Bank, Tata Motors and BHEL.

13:15

The News International Team

Nifty races towards 9000; oil, pharma stocks add strength

The market is extending gains. The Sensex is up 101.09 points at 29560.23 and the Nifty is up 22.95 points at 8979.70. About 1477 shares have advanced, 1100 shares declined, and 198 shares are unchanged.

Reliance, TCS, Sun Pharma, Cipla and Dr Reddy’s Labs are top gainers in the Sensex. Among losers in the Sensex are Coal India, M&M, Axis Bank, Tata Motors and BHEL.

Finance Minister Arun Jaitley has said that Indian economy needs to grow at 9-10 percent and sustain that growth rate over the next decade and beyond to provide better infrastructure and bring down poverty rates.

Jaitley said India should aim to achieve 8 percent growth rate this year and grow it to 9-10 percent over the next 10 years and more. “I can sound very optimistic but I will be realistic,” he said in response to a question about his vision for India over the next 5-10 years during a session at Columbia University’s School of International and Public Affairs here yesterday.

Citing the example of China, Jaitley said the Asian country grew by about 9 percent on an average for over three decades and reached where it is today.

12:00

Nifty hovers around 8950; Reliance extends gain, Axis falls

The market remained rangebound in noon trade with the Nifty consolidating around 8950 level. Healthcare, oil, technology and metals stocks gained while capital goods, FMCG and select banks were under pressure.

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11:00

Sensex, Nifty consolidate; metals & IT stocks dragRead More »

TCS, Sun Pharma, Reliance, Dr Reddy’s Labs and Wipro are top gainers in the Sensex. Among the losers are M&M, Axis Bank, Tata Motors and BHEL.

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10:00

Sensex volatile, Midcap outperforms; Reliance, TCS rallyRead More »

TCS and Reliance Industries topped the buying list on Sensex and were also the major contributors to Sensex’ gains, rising 2 percent each. HDFC, Sun Pharma, Wipro, Dr Reddy’s Labs, Sesa Sterlite and Bajaj Auto gained 1-1.7 percent.

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09:15

Sensex, Nifty flat; Coal India falls 5%, Sun Pharma up 2%Read More »

Sun Pharma, HDFC, TCS, Reliance and Cipla are top gainers in the Sensex. Coal India tanks 5 percent, while M&M, Tata Motors, Axis Bank and ITC are laggards.

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