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The market gained strength in morning with the Sensex rising 101.09 points to 28215.65 and the Nifty climbing 26.25 points to 8559.10. Banks, healthcare, technology and select auto stocks led strength.
The BSE Midcap and Smallcap indices outperformed benchmarks, rising 1 percent and 0.8 percent, respectively. About 1461 shares have advanced while 605 shares declined on the Bombay Stock Exchange.
State Bank of India topped the buying list on Sensex, up nearly 4 percent followed by ICICI Bank with 2 percent upside. Maruti Suzuki surged over 2 percent on strong 20.1 percent sales growth in July over a year-ago period. Tata Motors gained 1 percent while Hero Motocorp and Mahindra & Mahindra declined 1-2 percent post sales data.
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Posted in: Indian Market Tips
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