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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.
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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