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Sensex above 55,000 mark, metals and banks surge

The other prominent gainers were HDFC Bank, ICICI Bank, HDFC, UPL, Asian Paints, and Hindustan Unilever.

By Rajan Nath -- August 13, 2021 11:02 am -- Updated:August 13, 2021 11:07 am

Sensex Today: The equity frontline indices were on an upward swing during the early hours on Friday with metal and banking scrips showing substantial gains.

At 10:15 am today, the BSE S&P Sensex was up by 229 points or 0.42 percent at 55,073 while the Nifty 50 moved higher by 70 points or 0.43 percent to 16,435.

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Except for Nifty pharma which dipped by 1.2 percent and realty which was down marginally, all sectoral indices were in the positive terrain with Nifty metal up by 1 percent, FMCG by 0.7 percent, and private bank by 0.4 percent.

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Among stocks, Bharat Petroleum Corporation gained by 1.9 percent to Rs 456.80 per share. Hindalco was up by 1.4 percent, Tata Steel and JSW Steel by 0.9 percent each.

The other prominent gainers were HDFC Bank, ICICI Bank, HDFC, UPL, Asian Paints, and Hindustan Unilever.

However, Eicher Motors dipped by 1.4 percent despite reporting a consolidated profit after tax of Rs 237 crore for the quarter ended June on higher sales.

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Hero MotoCorp, Cipla, Dr. Reddy's, Sun Pharma, Bharti Airtel, and Bajaj Finance too lost on profit booking.

Meanwhile, most Asian equity markets continued to ignore record highs hit elsewhere in the world and fell in early trading.

South Korea's Kospi slipped by 1.53 percent and Hong Kong's Hang Seng index by 0.68 percent. Japan's Nikkie crawled up by 0.02 percent.

-PTC News

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