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The market extended its uptrend in morning trade, supported by banks, auto, oil and capital goods stocks. The Sensex rose 162.07 points to 27339.06 and the Nifty climbed 43.75 points to 8257.55 on short covering.
Maruti Suzuki also extended previous day’s rally, up 2.5 percent as Barclays has maintained buy rating on the stock with a revised target price of Rs 4300 (from Rs 4150 earlier) post earnings.
Tata Motors, Axis Bank, SBI, M&M, BHEL, Hero Motocorp, Vedanta, Tata Steel, NTPC and Hindalco gained 1-2.5 percent while TCS, HDFC Bank, HDFC, ITC, Infosys and HUL fell 0.5-1.5 percent.
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Posted in: Indian Market Tips
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