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Friday, 16 September 2016

Share Market News: Sensex Up 200 pts, Nifty Reclaims 8800

Equity benchmarks rallied sharply with the smashing reclaiming 8800 level in early trade once two-day consolidation. The 30-share bovine spongiform encephalitis Sensex was up 207.37 points or 0.73 p.c at 28620.26 and therefore the 50-share NSE smashing up 60.80 points or 0.70 p.c at 8803.35. 

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The market breadth remained robust as concerning 5 shares advanced for each share falling on the city securities market. HDFC Bank, ITC, Tata Motors, Axis Bank, SBI and Maruti gained over one p.c whereas HDFC was the sole loser on Sensex. The rupee gained within the early trade. it's opened higher by sixteen paise at 66.86 per greenback versus 67.02 weekday. Rumoured comments from Commerce Ministry was the most mover within the currency market yesterday, Bhaskar Panda of HDFC Bank same, adding latest United States of America knowledge has been on the weaker facet. Given this background, the rupee is predicted to trade inside a variety of 66.90-67.10/dollar, he feels.

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