It’s a strong trading day for the market on this Monday morning, with benchmarks clinching fresh record highs. The Sensex is up over 350 points, while the Nifty has hit 11,650 as well.
Buying counters were buzzing the most among banks as well as metals, along with FMCG, infrastructure, IT and pharmaceuticals, among others. Midcaps, too, added to the gain, with the Nifty Midcap index surging almost a percent. Strong global cues are also helping D-Street.
At 09:50 hrs IST, the Sensex is up 350.21 points or 0.92% at 38602.01, and the Nifty up 99.30 points or 0.86% at 11656.40. The market breadth is positive as 1,273 shares advanced, against a decline of 512 shares, while 116 shares were unchanged.
Among shares, Future Retail is up 3 percent on report of Paytm, Google eyeing 7-10% stake in the firm, while RIL is up 1 percent on buzz of Jio becoming second largest telco by revenue market share.
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