Indian benchmark indices continued to rally during midday trading on Friday, with both Sensex and Nifty trading higher, despite negative cues from other Asian markets. Sentiments remained positive, amid a private report stating that India received the highest aid for trade in 2020 at $2.7 billion from developed countries even as the receipts declined during the pandemic year compared to $3.9 billion received in 2019. On the global front, Asian markets were trading mostly in red, as overall consumer prices in the Tokyo region of Japan were up 2.5% on year in July.

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The Sensex is trading at 57,396.40, up by 538.61 points or 0.95% after trading in a range of 57,104.81 and 57,531.75. On the index, 22 stocks advanced and 8 stocks declined.

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The broader indices were trading in green with the BSE Midcap index up by 0.81%, while the Small cap index was up by 1.11%. The top gaining sectoral indices on the BSE were Metal up by 4.22%, Basic Materials up by 2.17%, IT up by 1.67%, TECK up by 1.60%, and Consumer Durables up by 1.52%, while Healthcare down by 0.35% and FMCG down by 0.04% were the only losing indices on BSE.

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The top gainers on the Sensex were Tata Steel up by 7.67%, Indusind Bank up by 2.69%, Bajaj Finserv up by 2.26%, Infosys up by 2.11%, and NTPC up by 1.90%. On the flip side, Dr. Reddy’s Lab is down by 3.72%, Sun Pharma down by 0.82%, Hindustan Unilever down by 0.61%, SBI down by 0.48%, and Nestle down by 0.42% were the top losers.

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The Nifty is trading at 17,098.40, up by 168.80 points or 1.00% after trading in a range of 17,018.15 and 17,141.75. On the index, 38 stocks advanced and 12 stocks declined.

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The top gainers on Nifty were SBI Life Insurance up by 8.61%, Tata Steel up by 7.72%, Hindalco up by 4.32%, JSW Steel up by 2.59%, and ONGC up by 2.57%. On the flip side, Dr. Reddy’s Lab was down by 3.76%, Cipla down by 0.81%, Sun Pharma down by 0.77%, Hindustan Unilever down by 0.62%, and SBI down by 0.49% were the top losers.

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Asian markets were trading mostly in red with Straits Times trembling 16.01 points or 0.5% to 3,204.64, Shanghai Composite declined 23.72 points or 0.72% to 3,258.86, Nikkei 225 slipped 67.32 points or 0.24% to 27,748.16 and Hang Seng decreased 473.78 points or 2.3% to 20,148.90. On the flip side, Taiwan Weighted strengthened 87.85 points or 0.59% to 14,979.75, Jakarta Composite soared 32.62 points or 0.47% to 6,989.44 and KOSPI rose 10.92 points or 0.45% to 2,446.19.