Indian equity benchmarks continued their gaining streak in the late morning session on Monday, with both Sensex and Nifty holding strong gains aided by a rally in auto and industrial stocks. Domestic sentiments remained optimistic, as India’s manufacturing sector activity gained momentum in July, hitting an eight-month high driven by a significant uptick in business orders.

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The Sensex is trading at 57,929.99, up by 359.74 points or 0.62% after trading in a range of 57,540.36 and 57,977.27. On the index, 19 stocks advanced and 11 stocks declined.

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The broader indices were trading in green with the BSE Midcap index up by 0.87%, while the Small cap index was up by 1.13%. The top gaining sectoral indices on the BSE were Auto up by 2.66%, Industrials up by 1.51%, Telecom up by 1.29%, Consumer discretionary up by 1.26%, and Power up by 1.24%, while Realty down by 0.30% and Healthcare down by 0.16% were the only losing indices on BSE.

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The top gainers on the Sensex were Mahindra & Mahindra up by 6.90%, Maruti Suzuki up by 2.16%, Reliance Industries up by 2.07%, Bharti Airtel up by 1.53%, and Power Grid up by 1.47%. On the flip side, Sun Pharma down by 3.18%, Hindustan Unilever down by 1.44%, IndusInd Bank down by 1.09%, HDFC down by 0.51% and Larsen & Toubro down by 0.43% were the top losers.

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The Nifty is trading at 17,273.10, up by 114.85 points or 0.67% after trading in a range of 17,154.80 and 17,286.95. On the index, 34 stocks advanced and 16 stocks declined.

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The top gainers on Nifty were Mahindra & Mahindra up by 6.90%, Adani Ports & SEZ up by 4.27%, Tata Motors up by 4.15%, Cipla up by 2.46% and Hindalco up by 2.34%. On the flip side, Sun Pharma down by 3.12%, HDFC Life Insurance down by 1.57%, Hindustan Unilever down by 1.56%, IndusInd Bank down by 1.24% and Tata Consumer Products down by 1.07% were the top losers.

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Asian markets were trading mostly in green with Nikkei 225 surging 146.25 points or 0.53% to 27,947.89, Straits Times advanced 28.58 points or 0.89% to 3,240.14, Jakarta Composite soared 19.76 points or 0.28% to 6,970.88, Shanghai Composite gained 5.22 points or 0.16% to 3,258.46 and KOSPI rose 0.39 points or 0.02% to 2,451.89. On the flip side, Taiwan Weighted dropped 47.49 points or 0.32% to 14,952.58 and Hang Seng decreased by 65.40 points or 0.32% to 20,091.11.