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Market Highlights: Sensex climbs 296 points higher, Nifty ends above 17,050-mark aided by pharma, financial, IT stocks - The Indian Express

Bombay Stock Exchange building. (Express archive photo)

Share/Stock Highlights: The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended around 0.5 per cent higher on Monday aided by gains in pharmaceutical, financial and information technology (IT) stocks amid a largely positive trend in global markets.

The SP BSE Sensex surged 295.93 points (0.52 per cent) to end at 57,420.24 while the Nifty 50 rose 82.50 points (0.49 per cent) to settle at 17,086.25.

On the Sensex pack, Tech Mahindra was the top gainer of the day, rising 3.57 per cent, followed by Dr Reddy’s Laoratories, Power Grid Corporation of India, Kotak Mahindra Bank, Sun Pharmaceutical Industries and ICICI Bank. On the other hand, IndusInd Bank, Asian Paints, Maruti Suzuki India, Bharti Airtel and ITC were among the laggards.

Among sectoral indices, the Nifty Pharma index climbed 1.62 per cent higher led by Natco Pharma and Laurus Labs. Apart from this the Nifty Financial Services too rose 0.91 per cent aided by Shriram Transport Finance Company and Kotak Bank. The Nifty IT index gained 0.69 per cent due to a rise in Tech Mahindra and LT Technology Services.

(with inputs from agencies)

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On Friday, the BSE benchmark Sensex had tumbled 191 points, tracking losses in index-heavyweights HDFC twins, Kotak Bank and Axis Bank amid mixed cues from global markets.

After a choppy session, the 30-share index ended 190.97 points or 0.33 per cent lower at 57,124.31. Similarly, the NSE Nifty declined 68.85 points or 0.40 per cent to 17,003.75.

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