Tuesday, 10 January 2017

Sensex rebounds 173 pts; Tata Motors, Hindalco shares rally 3-4%

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Equity benchmarks gained strength with the Sensex rising over 150 points Tuesday after two-day consolidation, driven by banks and auto stocks. The broader markets outperformed benchmarks in late trade, with the BSE Midcap and Smallcap indices up 0.7-0.8 percent. The 30-share BSE Sensex surged 173.01 points to 26899.56 and the 50-share NSE Nifty jumped 52.55 points to 8288.60. Market is likely to be range bound till some clarity emerges, while retaining September 2017 target of 30,000 on the Sensex.

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