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Equity Tips

Sensex gains 100 pts ahead of monsoon session of Parliament; ITC down

Equity benchmarks opened higher on Monday after Friday's consolidation, with the Nifty50 reclaiming 9900 level and the Nifty Bank hit 24000 level for the first time.

The 30-share BSE Sensex was up 82.18 points at 32,102.93 and the 50-share NSE Nifty gained 21.45 points at 9,907.80.

ITC lost more than 2 percent on reports that the government may increase cess on cigarettes.

Nifty Midcap was up 0.3 percent as about three shares advanced for every share falling on the BSE.Asia markets were mixed following the release of better-than-expected China second-quarter GDP.

The Monsoon Session of Parliament beginning today is set to be dominated by issues such as cow vigilantism, farmers' protests, Kashmir unrest, action of law enforcement agencies against some opposition leaders over alleged corruption, and India's stand-off with China.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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