The market is gathering steam now as it enters the last couple of hours of trade. The Sensex is up nearly 200 points, while the Nifty is eyeing 10,700-mark. Midcaps are trading almost at par with the benchmarks. Further gains are visible among PSU banks, with the sectoral index trading over 2 percent higher. Metals, FMCG and auto names are also surging ahead. Pharmaceutical space is the biggest laggard, dragged by cuts in Lupin. Among stocks, Axis Bank, HUL and Hindalco are the top gainers, while Coal India, Dr Reddy’s Labs, and Lupin lost the most.
Equities have extended their gains, with the Nifty trading comfortably above 10,650-mark. Strong gains are seen among financial stocks on the back of softening bond yields. The Nifty PSU bank index is up almost 2 percent. Meanwhile, pharma names have cut some of their losses and are trading almost one third of a percent lower. Metal names continued to lead the charts as well. Tata Steel and Hindalco are trading up to 3 percent higher.
Equities have extended their gains, with the Nifty trading comfortably above 10,650-mark. Strong gains are seen among financial stocks on the back of softening bond yields. The Nifty PSU bank index is up almost 2 percent. Meanwhile, pharma names have cut some of their losses and are trading almost one third of a percent lower. Metal names continued to lead the charts as well. Tata Steel and Hindalco are trading up to 3 percent higher.
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