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Closing Bell: Sensex closes 373 points higher, Nifty above 10,600; FMCG leads rally

Market at Close Shares were off to a flying start on Monday, thanks to a sharp rally among consumption names in the last couple of hours Among sectors, financials, automobiles, consumption, and IT names were in the green, while investors sold metals and pharmaceuticals segments. In the broader markets, Nifty Midcap index underperformed benchmarks, but closed with gains of around 0.2 percent. At the close of market hours, the Sensex was up 373.06 points or 1.07% at 35354.08, while the Nifty ended higher by 101.80 points or 0.97% at 10628.60….

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Sensex soars 385 points at close as rupee recovers, financials lead gains

Indian shares bounced back on Friday after two straight days of losses, starting July derivatives series on a strong footing led by energy and financial stocks as the rupee recovered from an all-time low and Asian peers staged a pullback. The¬†rupee,¬†which breached the 69 per dollar mark for the first time on Thursday, recovered tracking a rebound in Asian shares and currencies. The BSE Sensex surged 385.84 points to close at 35,423.48, whereas the broader NSE Nifty zoomed 125.20 points to 10,714.30 at close. Market sentiment across the globe was…

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Sensex, Nifty Edge Lower on Profit-Taking After Four-Day Rally

Mumbai: Indian stock markets edged lower on Tuesday for the first time in five days as investors booked profits in banking shares such as State Bank of India amid cautious trading ahead of major central bank meetings. Asian stock markets also wobbled, after they hit a two-month high in the previous session, ahead of the European Central Bank’s policy review on Thursday and U.S. Federal Reserve’s policy meeting next week. “It’s a retracement that we are seeing after last week’s rally,” said AK Prabhakar, head of research at IDBI Capital….

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Sensex Ends Rangebound Session on a Flat Note

The Sensex and Nifty ended Tuesday’s rangebound session on a flat note as losses in banking and IT stocks offset the gains registered in metal and oil & gas stocks. The Sensex ended 13 points higher at 24,659 and Nifty ended slightly unchanged at 7,485 against its previous close. In the intraday deals, the Sensex touched high of 24,793 and low of 24,509. While, the Nifty moved in a band of 85 points. Buying was visible in metal and oil & gas stocks on the back of sustained rally in…

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