Sensex, Nifty up nearly 1%; July WPI inflation doubles to 1.88% MoM

Equity benchmarks as well as broader markets extended rally in late morning trade, with the Nifty reclaiming 9,800 level on support from Reliance Industries and private banks.

The 30-share BSE Sensex was up 271.36 points or 0.87 percent at 31,484.95 and the 50-share NSE Nifty gained 90.30 points or 0.93 percent at 9,801.10.

The BSE Midcap and Smallcap indices rallied 2 percent each as about 1,759 shares advanced against 531 declining shares on the exchange.

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Posted in: Indian Market Tips