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Wednesday, June 29, 2016

Equity Tips

Sensex inches towards 27000, up 250 pts; Tata Motors, ICICI lead

Equity benchmarks remained strong in morning trade with the Sensex inching towards 27000 level on global support.

The 30-share BSE Sensex rallied 250.87 points or 0.94 percent to 26991.26 and the 50-share NSE Nifty climbed 72.50 points or 0.88 percent to 8276.50.

The market breadth continued to be positive as more than three shares advanced for every share declining on Bombay Stock Exchange.

All Sensex 30 stocks are in green with the Tata Motors rising over 3 percent followed by ICICI Bank, Axis Bank, L&T, SBI, Dr Reddy's Labs, HUL and Lupin with 1-2 percent upside.

Asian markets traded higher, tracking rally in US and Europe in previous session. Nikkei gained 0.8 percent and Hang Seng rose 1.6 percent.

The market has opened higher on June Future & Options expiry day. The Sensex is up 190.43 points or 0.7 percent at 26930.82, and the Nifty is up 58.30 points or 0.7 percent at 8262.30. About 447 shares have advanced, 62 shares declined, and 27 shares are unchanged.

The Indian rupee opened higher by 13 paise at 67.55 per dollar versus 67.68 Wednesday.

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