In the afternoon session, Indian stock indices were solidly entrenched in positive territory due to robust and persistent purchasing in blue-chip firms. The Sensex gained 1121 points, while the Nifty crossed 16,650.

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Asian markets were trading mostly higher with Hang Seng increasing 420.48 points or 2.03% to 21,117.84, Taiwan Weighted strengthened 344.40 points or 2.12% to 16,610.62, KOSPI rose 31.94 points or 1.21% to 2,669.99, Straits Times advanced 7.90 points or 0.24% to 3,238.45, Nikkei 225 surged 587.75 points or 2.19% to 27,369.43 and Shanghai Composite was up by 12.43 points or 0.4% to 3,142.67. On the flip side, Jakarta Composite was down by 36.09 points or 0.51% to 6,990.17.

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The Sensex is presently trading at 56,005.74, up 1121.08 points or 2.04% after moving in a range of 55,466.30 and 56,082.65. On the index, 26 stocks advanced and 4 stocks declined.

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The broader indices were trading in green with the BSE Midcap index rising 1.89%, while the Small cap index was up by 2.19%. The top gaining sectoral indices on the BSE were IT up by 3.90%, TECK up by 3.60%, Consumer Durables up by 3.52%, Realty up by 3.34% and Capital Goods was up by 2.74%, while there were no losing sectoral indices on the BSE.

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The top gainers on the Sensex were Mahindra & Mahindra up by 4.80%, HCL Tech. up by 4.53%, Infosys up by 4.35%, Titan Co up by 4.34% and Tech Mahindra was up by 3.53%. On the flip side, Sun Pharma down by 0.86%, Dr Reddy’s Lab down by 0.56%, Kotak Mahindra Bank down by 0.43% and ITC was down by 0.19% were the top losers.

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The Nifty is presently trading at 16,666.60, up 314.15 points or 1.92% after moving in a range of 16,506.15 to 16,695.50. On the index, 44 equities advanced while only six declined.

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The top gainers on Nifty were Mahindra & Mahindra up by 4.84%, HCL Tech up by 4.43%, Infosys up by 4.27%, Titan Co up by 4.16% and TCS was up by 3.54%. On the flip side, JSW Steel was down by 1.99%, ONGC down by 1.36%, Sun Pharma down by 0.93%, Dr Reddy’s Lab down by 0.69% and Kotak Mahindra Bank was down by 0.52% were the top losers.