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Sensex rallies over 300 points; Nifty reclaims 8000; Tata Motors, Adani Ports gains 3%

 

The S&P BSE Sensex surged over 300 points in morning trade on Monday following positive trend seen in other Asian markets. The rally in the index was led by gains in HDFC, ICICI Bank, L&T, TCS, and HDFC Bank. 

The 50-share Nifty index also regained its crucial psychological level of 8000, supported by gains in IT, auto, banks, capital goods, and consumer durable stocks. 

Rupee opened at highest level since August 20, trading at 65.24 against the US dollar.

Markets @ 9:25

The 30-share index traded at 26,542.91, up 322 points or 1.23 per cent. It touched a high of 26,548.10 and a low of 26,375.31 in morning trade.

The Nifty was at 8,036, up 85 points or 1.07 per cent. It touched a high of 8,040.95 and a low of 8,005.10 in the first 30 minutes of trade.

TCS (up 3.8 per cent), Tata Motors (up 3.3 per cent), HDFC (up 2.7 per cent), and ICICI BankBSE 2.26 % (up 2.2 per cent) were among the major Sensex gainers.

Maruti Suzuki BSE -1.65 % (down 0.98 per cent), Dr Reddy's Laboratories (down 0.95 per cent), and ONGC (down 0.86 per cent), were among the major Sensex losers.

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