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Sensex gains 454pts, Nifty reclaims 17500; RIL up 6%, ITC, Infy end firm – Business Standard

The BSE benchmark index, the Sensex, after testing a low of 58,144 rallied to a high of 58,902 in late noon deals.

Meanwhile, participants should continue with a stock-specific approach and maintain positions on both sides,” said Ajit Mishra, vice-president of research at Religare Broking.

ITC advanced 1.7 per cent to Rs 231.70 after the company said that it was developing a nasal spray for Covid-19 prevention and had initiated clinical trials for the same.

Latent View Analytics dream run on stock market continued with the scrip frozen at the 20 per cent upper circuit for the second straight day.

The BSE Sensex was up 475 points at 58,815, and the NSE Nifty had advanced 121 points to 17,536.

Bajaj Auto hit its lowest level in 2021, of Rs 3,381, down nearly 1 per cent on the BSE in Thursday’s intra-day trade, in an otherwise firm market.

LIVE market updates: The key benchmark indices continued to hold steady gains in early noon deals as well.

The Healthcare index had gained over a per cent, while the IT index was up 0.8 per cent.

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On the other hand, Shanghai Composite and Kospi were down 0.2 per cent and 0.5 per cent, respectively.

The BSE Sensex touched a high of 58,677, and was up 317 points at 58,658.

On the flip side, ICICI Bank, IndusInd Bank and NTPC trended lower.

GlaxoSmithkline Pharma had zoomed 10 per cent and was the top gainer in the mid-cap space.

R Systems International and Reliance Industrial Infrastructure were the major gainer among the Smallcaps, up around 17 per cent each.

Reliance Industries’ shares, which were up 3 per cent, were the biggest contributor in the indices’ recovery.

and Canada Pension Plan Investment Board were among so-called anchor investors in the IPO that bought more Paytm shares on Tuesday and Wednesday.

At 10:05 AM, the S&P BSE Sensex index was near the lowest point of the day at 58,162, down 179 points.

Indivdually, shares of Siemens dipped 8 per cent to Rs 2,099 on the BSE in Thursday’s intra-day trade on profit booking after the company reported 250 basis points .

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UPL , Reliance Industries, Tech M, Infosys, and Sun Pharma were the top gainers on the 50-share index.

LIVE market updates: The benchmark indices ended the pre-open session on a flat note but with a positive bias.

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.

…Read the full story

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