Indian equity benchmarks
were trading firm in the afternoon session, with Sensex and Nifty crossing
59,200 and 17,600 levels due to buying in Bankex, PSU, and TECK stocks. Gains
in frontline blue chip stocks such as Bajaj Finance, Mahindra & Mahindra
and Bajaj Finserv also helped to lift the markets. On the global front, Asian
markets were trading mostly lower as investors braced for another interest rate
hike by the US Federal Reserve.

The Sensex was trading at
59,229.24, up by 388.45 points or 0.66% after trading in the range of 58,487.76
and 59,277.55. On the index, 21 stocks were advancing and 9 stocks declining.

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The broader indices were
trading mixed with the BSE Midcap index down by 0.28% and the Small cap index
up by 0.24%. The top gaining sectoral indices on the BSE were Bankex up by
0.76%, PSU up by 0.72%, TECK up by 0.70%, IT up by 0.65% and Energy was up by
0.55%, while Telecom down by 0.67%, Realty down by 0.62%, Capital Goods down by
0.57%, Consumer Durables down by 0.37% and Metal was down by 0.29% were the top
losing indices on BSE.

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The top gainers on the
Sensex were Bajaj Finance up by 3.16%, Mahindra & Mahindra up by 2.89%,
Bajaj Finserv up by 2.26%, SBI up by 1.75% and HDFC was up by 1.69%. On the
flip side, Asian Paints lost 1.56%, Tata Steel 0.95%, Maruti Suzuki 0.94%,
Larsen & Toubro 0.40% and ICICI Bank 0.35%.

The Nifty was trading at
17,640.95, up by 110.10 points or 0.63% after trading in the range of 17,429.70
and 17,667.20. On the index, there were 32 stocks advancing and 17 stocks
declining, while 1 stock remains unchanged on the index.

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The top gainers on Nifty
were Bajaj Finance up by 3.24%, Mahindra & Mahindra up by 3.00%, Adani
Ports up by 3.00%, Bajaj Finserv up by 2.23% and SBI Life Insurance was up by
2.10%.Cipla down by 1.46%, Tata Motors down by 1.26%, Asian Paints down by
1.18%, Britannia Inds down by 1.14%, and Tata Steel was down by 0.90% were the
top losers.

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Asian markets were trading
mostly in red with the Taiwan Weighted dropping 136.08 points or 0.93% to
14,425.68, Straits Times trembling 7.09 points or 0.22% to 3,261.20, Hang Seng
decreasing 211.33 points or 1.13% to 18,550.36, KOSPI falling 27.12 points or
1.14% to 2,355.66 and Shanghai Composite down by 19.61 points or 0.63% to
3,106.79.