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Sunday, March 20, 2016

Equity Tips

Sensex above 25000, up 150 pts; Nifty reclaims 7650, ITC leads

The market extended gain in morning trade with the Sensex rising 153.10 points to 25105.84, aided by banking & financials and FMCG stocks. The Nifty reclaimed 7650, rising 46.15 points to 7650.50.

ITC was the biggest contributor to Sensex's gains, up 3 percent. Credit Suisse maintains its outperform rating on the stock, stating that it can rejoice as most states have not hiked value added tax on cigarettes in Budget.

Among others, HDFC, HDFC Bank, ICICI Bank, SBI, Axis Bank, Sun Pharma, HUL and Bharti Airtel gained more than 1 percent while Lupin, Dr Reddy's Labs and BHEL declined over a percent.

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