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Nifty tests 7800, Sensex up over 100pts; banks, metals gain

ICICI Bank, ONGC, Coal India, M&M, Axis Bank are top gainers while Sun Pharma, HUL, Wipro and Reliance are major laggards in the Sensex.

11:00

TheNewsInternational Team

The market is surging ahead now with boosts from bank, metals and power stocks. The Sensex is up 125.96 points or 0.5 percent at 25645.18 and the Nifty is up 42.40 points or 0.5 percent at 7804.35. About 1572 shares have advanced, 599 shares declined, and 137 shares are unchanged.

ICICI Bank, ONGC, Coal India, M&M, Axis Bank are top gainers while Sun Pharma, HUL, Wipro and Reliance are major laggards in the Sensex.

Gold edged up, adding to sharp gains from the previous trading session, as weakness in the dollar and equities helped the metal recoup some losses from a US interest rate hike last week. Concerns that demand for non-interest-paying bullion will take a hit from the rate hike continue to cast a shadow, and will likely limit any rally in gold.

The metal saw some safe-haven bids on Friday after global equity markets fell sharply as slumping oil prices raised concerns about slower growth, while the dollar slipped against the yen on views the Bank of Japan may not ease policy as much as expected.

10:00

Sensex, Nifty flat; ICICI Bank up 2%, HUL & Wipro fall 1%

ICICI Bank, Hindalco, Tata Steel, M&M and ONGC are top gainers while Sun Pharma, HUL, Wipro, Infosys and Bharti Airtel.

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09:15

Nifty opens below 7750, Sensex weak; Sun Pharma tanks 6%Read More »

The market has kick-started the truncated week in red. The Sensex is down 94.31 points or 0.4 percent at 25424.91 and the Nifty is down 16.30 points or 0.2 percebt at 7745.65. About 356 shares have advanced, 183 shares declined, and 54 shares are unchanged.

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