Domestic indexes were trading strongly in the green, with advances of roughly 1% lifting the Sensex and Nifty over psychologically important 56,200 and 16,800 levels, respectively. Broader indexes were trading higher in the 0.60% -0.80% range, mirroring the same positive attitude.

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Asian markets were trading mostly in green with Taiwan Weighted strengthened 130.29 points or 0.79% to 16,696.12, Shanghai Composite gaining 21.13 points or 0.69% to 3,068.19 and Hang Seng was up by 74.78 points or 0.36% to 20,944.30. On the other hand, Straits Times was down by 5.87 points or 0.18% to 3,343.40.

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The Sensex is presently trading at 56,211.42, up 542.39 points or 0.97% from a high of 55,976.39 and a low of 56,566.80. On the index, there were 25 stocks that advanced and 5 stocks that declined.

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The broader indices were trading in green with the BSE Midcap index rising 0.61%, while the Small cap index was up by 0.76%. The top gaining sectoral indices on the BSE were Capital Goods up by 2.26%, Metal up by 2.20%, TECK up by 1.86%, IT up by 1.79% and Power was up by 1.77%, while Realty was down by 0.74% was the only losing index on BSE.

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The top gainers on the Sensex were Tata Steel up by 3.69%, Infosys up by 3.13%, Tech Mahindra up by 2.76%, SBI up by 2.27% and Larsen & Toubro was up by 2.17%. On the flip side, Indusind Bank was down by 1.68%, Nestle was down by 1.66%, Reliance Industries was down by 0.63%, Titan Co was down by 0.45% and Ultratech Cement was down by 0.41% were the top losers.

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The Nifty is presently trading at 16,837.75, up 160.15 points or 0.96% from a low of 16,778.85 and a high of 16,945.70. On the index, there were 39 stocks that advanced and 11 stocks that declined.

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The top gainers on Nifty were Hero MotoCorp up by 3.82%, Tata Steel up by 3.81%, Infosys up by 3.21%, Tech Mahindra up by 2.91% and ONGC was up by 2.68%. On the flip side, Tata Consumer Products was down by 3.65%, Indusind Bank was down by 1.71%, Nestle was down by 1.70%, Apollo Hospital down by 1.18% and Britannia Inds was down by 1.18% were the top losers.