Friday, 25 November 2016

Sensex rallies 300 points to comfortably trade above 26,000

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The benchmark equity indices kicked off December series of derivative contracts on a strong note riding on the gains in IT stocks such as Infosys and TCS, which rallied thanks to rupee's fall against the dollar. The positive trend seen in Asian markets, after the relentless rally in the dollar halted on account of Thanksgiving break in the United States, also contributed to the gains. 

 

At 12:28 pm, the S&P BSE Sensex was trading at 26165, up 304 points, while the broader Nifty50 was quoting 8,072, up 106 points. Market breadth turned exceedingly strong with 1,756 advances over 482 declines on the BSE.

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